Not exact matches
At the RITC this year, held Feb. 23 and 24, there were six scenarios: open
outcry pit trading, oil and refined commodities, stock options, stock tender offers, and liquidity, bonds and algorithmic
trading.
Trading on Liffe, as on other futures exchanges, was originally conducted by open outcry with each product traded in a designated tradi
Trading on Liffe, as on other futures exchanges, was originally conducted by open
outcry with each product
traded in a designated
tradingtrading pit.
After two years of college, he'd spent his 20s in the city
trading bond futures in the open -
outcry pits at the LIFFE Exchange.
What appeared to be unbridled chaos on the
trading floor, or
pits, as price discovery and transactions were conducted via open -
outcry, gave way to electronic
trading - the matching of bids and offers by exchanges such as the Chicago Mercantile with its ground breaking clearing mechanism, called Globex.
Many used to
trade open -
outcry, yet they are viewed as the antithesis of the old - fashioned
pit trader.