Telephone Booth

AAA

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.

INVESTOPEDIA EXPLAINS 'Telephone Booth'

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

RELATED TERMS
  1. Floor Trader - FT

    An exchange member who executes transactions from the floor of ...
  2. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
  3. Pork Chop

    An arrangement on the floor of the NYSE whereby clerks cover ...
  4. Bulldog Market

    A nickname for the foreign bond market of the United Kingdom. ...
  5. Business Broker

    A professional who specializes in the purchase and sale of companies. ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or ...
Related Articles
  1. The Illusion Of Diversification: The ...
    Fundamental Analysis

    The Illusion Of Diversification: The ...

  2. Introduction To Asian Financial Markets
    Economics

    Introduction To Asian Financial Markets

  3. Evaluating The Board Of Directors
    Insurance

    Evaluating The Board Of Directors

  4. 4 History-Making Wall Street Crooks
    Personal Finance

    4 History-Making Wall Street Crooks

comments powered by Disqus
Hot Definitions
  1. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
  2. Ratio Analysis

    Quantitative analysis of information contained in a company’s financial statements. Ratio analysis is based on line items ...
  3. Days Payable Outstanding - DPO

    A company's average payable period. Calculated as: ending accounts payable / (cost of sales/number of days).
  4. Net Sales

    The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any ...
  5. Over The Counter

    A security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, etc. The phrase "over-the-counter" ...
  6. Earnings Before Interest After Taxes - EBIAT

    A financial measure that is an indicator of a company's operating performance. EBIAT, which is equivalent to after-tax EBIT ...
Trading Center