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Open outcry

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LIFFE Open Outcry Trading in the 1980's
Finance Documentaries  Nov 19  Comment 
This short documentary explains what the old LIFFE (London International Financial Futures Exchange - now a part of NYSE Euronext) was and how it worked. The LIFFE was established in 1982 at the Royal Exchange in The City of London in order to...
ICE ends 142-year tradition of open outcry trading
Reuters  Oct 20  Comment 
Louis Barbera will go to work in downtown Manhattan on Monday to trade soft commodities as he has done for almost two decades.
[$] At CME, Open Outcry Over Big, Private Trade
Wall Street Journal  Apr 13  Comment 
Independent traders staged a walkout of CME Group options on Eurodollar futures, protesting a large, privately negotiated trade a day earlier that they claimed was unfair.
KCBT Wheat Options Post Settlement Session Added, Open Outcry Closing Time Altered
Mondo Visione  Sep 29  Comment 
The Kansas City Board of Trade's Board of Directors yesterday approved the addition of a post settlement session for the KCBT's hard red winter wheat options contract and voted to amend the open outcry trading closing time to 1:15 p.m. CT.
CBOE electronic trade down; open outcry working
MarketWatch  Oct 12  Comment 
The Chicago Board Options Exchange's electronic trade was not working on Monday, but the CBOE remained "open for business, just by open outcry," said Gail Osten, a spokeswoman for the CBOE. "We've been having systems difficulties since 8:30 this...
Twitter gives traders virtual open outcry
Financial Times  Sep 16  Comment 
Social networking site is resurrecting in cyberspace the trading pits of yesteryear as traders reconnect with global counterparts
BME: Open Outcry Trading To Go Electronic As Of July 10 - Greater Accessibility And Transparency On The Trading Floor
Mondo Visione  Jul 7  Comment 
The Spanish Stock Exchange has decided to transfer the shares that are traded in open outcry pits to an electronic trading pit environment. The initiative is intended to boost the shares' liquidity, transparency and accessibility.




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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 

It's a way of trading in a stock exchange which mainly depends on communication between trading professionals through hand signs, signals and shouting out loud. (Yes the place would definitely look chaotic with all the shouting and people roaming!)

The place of trading is referred to as the Pit and, the hand signaling is sometimes referred to as Arbitrage or the Arb.
www.tradingpithistory.com hosts the guide to the signals used in an Open Outcry system.

It's one of the methods of carrying out trading at the Chicago Mercantile Exchange Holdings (CME) apart from the completely online trading platform CME Globex.

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