Dictionary of Business Terms: open outcry
open outcry
method of trading on a commodity exchange. Traders must shout out their buy or sell offers. When a trader shouts he wants to sell at a particular price and someone else shouts he wants to buy at that price; the two traders have made a contract that will be recorded.
Dictionary of Finance and Investment Terms: open outcry
open outcry
method of trading on a commodity exchange. The term derives from the fact that traders must shout out their buy or sell offers. When a trader shouts he wants to sell at a particular price and someone else shouts he wants to buy at that price, the two traders have made a contract that will be recorded.
