open outcry
A means for conducting a public auction of futures, options or stocks with traders vocalizing their bids and offers on the floor of an exchange. Before employing electronic systems, open outcry was originally used by all exchanges. The method continues to be used to trade forex futures on the IMM in Chicago.

Browse by Subjects

Related Terms

negotiated market
New York Stock Exchange (NYSE)
Chicago Board Options Exchange (CBOE)
hybrid market
See All Related Terms »

Popular Terms In Forex

stock market valuation
Trend day
capital turnover ratio
bail out