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  2. Open outcry - Wikipedia

    en.wikipedia.org/wiki/Open_outcry

    The New York stock exchange trading floor in September 1963, before the introduction of electronic readouts and computer screens Open outcry "pit" at the Chicago Board of Trade (CBOT) in 1993 CBOT "The Pit" in 1908. Open outcry is a method of communication between professionals on a stock exchange or futures exchange, typically on a trading floor.

  3. Trading room - Wikipedia

    en.wikipedia.org/wiki/Trading_room

    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 ...

  4. New York Mercantile Exchange - Wikipedia

    en.wikipedia.org/wiki/New_York_Mercantile_Exchange

    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.

  5. London Metal Exchange - Wikipedia

    en.wikipedia.org/wiki/London_Metal_Exchange

    Trading times are 11:40 to 17:00 GMT. The LME is the last exchange in Europe where open-outcry trading takes place. [3] The ring was temporarily closed in March 2020 due to the COVID-19 pandemic. [4] In January 2021, LME proposed closing the ring, Europe's last open-outcry trading floor, and moving permanently to an electronic system.

  6. AI on the trading floor: Morgan Stanley expands chatbot tools ...

    www.aol.com/ai-trading-floor-morgan-stanley...

    Morgan Stanley is expanding the use of OpenAI-powered, generative artificial intelligence tools to its vaunted investment banking and trading division, CNBC has learned.. The firm, which launched ...

  7. Chicago Mercantile Exchange - Wikipedia

    en.wikipedia.org/wiki/Chicago_Mercantile_Exchange

    The pits are areas of the floor that are lowered to facilitate communication, somewhat like a miniature amphitheater. The pits can be raised and lowered depending on trading volume. To an onlooker, the open outcry system can look chaotic and confusing, but in reality, the system is a tried and true method of accurate and efficient trading.

  8. Government shutdown updates: Biden signs funding bill ...

    www.aol.com/government-shutdown-live-updates-gop...

    With a government shutdown narrowly avoided late Friday into Saturday morning, the House and Senate sent a funding bill to President Joe Biden's desk. An initial bipartisan deal was tanked earlier ...

  9. London International Financial Futures and Options Exchange

    en.wikipedia.org/wiki/London_International...

    Trading was conducted by open outcry, where traders meet on the trading floor (in what is called the pit) to conduct trades. The Exchange was originally housed in the historic Royal Exchange building near Bank but then moved to Cannon Bridge in 1991. [3] [4]

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