• [Trading] done by human to human interaction using a combination of hand signals and verbal orders. Often associated with the NYMEX, [CME] Group, and [CBOT]. Formally the only way commodities were traded prior to electronic [trading].
    Becoming less and less popular, many believe that open-outcry trading will become extinct in the next few years.


    Open outcry meaning & definition 1 of Open outcry.


  • a method of trading on a financial market in which people shout out their bids and offers, rather than trading using the phone or online:

    Open outcry meaning & definition 2 of Open outcry.

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