open outcry

open outcry definition - finance
A method for conducting trades that involves traders shouting out offers and bids in a pit where futures and options are being sold. Open outcry also is used on some foreign stock and futures exchanges. The London Metal Exchange mixes two short periods of open outcry with trading that occurs over the telephone or through an electronic trading system.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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