OPEN OUTCRY


Meaning of OPEN OUTCRY in English

Oral bids and offers made in the trading rings, or pits. "Open outcry" is required for trading futures and futures options contracts to assure arms-length transactions. This method also assures the buyer and seller that the best available price is obtained.

A guide to futures and options market technology English dictionary.      Английский словарь-руководство по фьючерсам и опционам рыночных технологий .