Search results
Results From The WOW.Com Content Network
Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders. [ 2 ]
As open outcry is gradually replaced by electronic trading, the trading room becomes the only remaining place that is emblematic of the financial market. It is also the likeliest place within the financial institution where the most recent technologies are implemented before being disseminated in its other businesses. Specialized computer labs ...
Hand signalling on the floor of the Chinese Gold and Silver Exchange Society. Hand signaling, also known as arb [1] or arbing (short for arbitrage), is a system of hand signals used on financial trading floors to communicate buy and sell information in an open outcry trading environment.
Minneapolis Grain Exchange trading floor, 1939. A trading jacket is a blazer garment worn by a broker who executes trades by open outcry in and around the trading pits of various financial exchanges. Throughout the twentieth century, trading jackets were simply white.
The first major electronic alternative was the Instinet, a machine that could bypass the trading floor and handle one another on a personal basis. The use of electronic mediums to conduct tasks done by floor traders has increased throughout the years, however there are many exchanges in the United States such as the NYSE that prefer to use the open outcry method that involves verbal communication.
The New York Stock Exchange has a new leader in Lynn Martin. Yahoo Finance chats with Martin about her biggest priorities and the outlook for the iconic trading floor.
The energy trading business took off, and NYMEX boomed. The open outcry floor became a cacophony of shouting traders and pit cards. The pits became a place where many people without much education or ability to fit into Wall Street could have a chance at being rich.
The whistleblower’s video, first published by Fox 5 New York, gave prosecutors smoking-gun evidence. “You hear my son screaming at the top of his lungs,” the dad said. “The abuser is ...