Telephone Booth

DEFINITION of 'Telephone Booth'

A slang term referring to one of the many phone terminals on the floor of the New York Stock Exchange that is used by floor traders to receive orders.

BREAKING DOWN 'Telephone Booth'

With the advent of technology many floor traders use personal digital assistants (PDAs) to receive orders as well.

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RELATED FAQS
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    Before the advent of electronic trading platforms, the floor of the stock exchange was the location for market transactions ... Read Answer >>
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    Owning a seat on the New York Stock Exchange (NYSE) enables a person to trade on the floor of the exchange, either as an ... Read Answer >>
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    Ginzy trading is an order of different prices placed by a floor broker. It occurs when a floor broker attempts to avoid an ... Read Answer >>
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