Free-Crowd System


DEFINITION of 'Free-Crowd System'

A system of commodity trading in which floor members can make bids and offers simultaneously for personal or customer accounts, which is common in the U.S.

BREAKING DOWN 'Free-Crowd System'

The free crowd system allows for the possibility of transactions occurring at different locations simultaneously within the trading ring.

  1. Ask

    The price a seller is willing to accept for a security, also ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  3. Pit

    A specific area of the trading floor that is designated for the ...
  4. Rings

    The locations on the floors of futures and options exchanges ...
  5. Board Broker System

    A system used by commodity exchanges, in which agents are assigned ...
  6. Bid

    1. An offer made by an investor, a trader or a dealer to buy ...
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