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Open Outcry

Open Outcry Definition

A method of public auction, common to most US commodity exchanges, where trading occurs on a trading floor and traders may bid and offer simultaneously either for their own accounts or for the accounts of customers. Transactions may take place simultaneously at different places in the trading pit or ring.


Additional meaning of Open Outcry:

At most exchanges outside the US, open outcry has been replaced by Electronic Trading Platforms. See Specialist System.





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