Open Outcry

What Does Open Outcry Mean?
A method of trading on a commodity exchange that uses verbal bids and offers in the trading pits.

Investopedia explains Open Outcry
A contract is made if one trader cries out that he wants to sell at a certain price and then another trader yells out that he will buy at that same price.

Related Terms

Commodity
Hybrid Market
Pit
Trading Floor
More Related Terms

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