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This could be the single most important fact working against the open outcry system.
In regular business hours, traders will continue to use the open outcry system.
This leads to the second issue of open outcry.
The specialist's job is to match buy and sell orders using open outcry.
Trading is by open outcry on the exchange floor.
It is fully automated, rather than using the traditional "open outcry" physical trading floor system.
Floor hand signals are used to communicate buy and sell information in an open outcry trading environment.
The trading will be done in the exchange's pits, using the traditional open outcry method.
I think he will be more protective of the open outcry trading pit."
Under open outcry, a trader is supposed to call out orders to the full trading pit.
But where it exists, open outcry is prized for making prices equally visible to all players.
Segel is an options market maker and open outcry trader by training.
The Board of Trade operates under what is known as the "open outcry auction market" system.
Floor trading is conducted in the pits of a commodity exchange via open outcry.
Last week, the Matif abolished the open outcry system and decided to go entirely electronic.
The individual pits are raised octagonal structures where open outcry trading occurs.
The trader gives his orders by open outcry and officially sanctioned hand signals.
They fear an end to the open outcry system and a lack of arbitrage opportunities on the new system.
The open outcry floor became a cacophony of shouting traders and pit cards.
Mr. Melamed said the review would not consider whether to abandon the open outcry system.
Dealing in traded options is by open outcry on the once busy floor of the Stock Exchange.
The open outcry hours remained the same.
The terms "dealing room" and "trading floor" are also used, the latter being inspired from that of an open outcry stock exchange.
Their method of bidding is called "open outcry."
But if the new hand-held computers avert cheating, critics may be willing to live with open outcry.