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Outcry

• Is the process whereby floor brokers publicly announce to their peers the price and quantities sought for purchase or sale.

 
 Embedded terms in definition
 Floor broker
Floor
Purchase
Sale
 
 Referenced Terms
 Cross trade: Is a transaction that is not exposed to the public by Outcry or usual trading practices. This type of matching trade is permissible provided it is done in accordance with the rules and regulations of the particular exchange and other regulatory organizations. The letter Xcan indicate this type of transaction on a ticker tape. It may be also used on a ticket or blotter. Seethe related Ex-Pit and Exchange for Physicals.

 Futures market: A continuous auction market in which participants buy and sell commodities contracts for delivery on a specified future date. Trading is traditionally carried on through open Outcry and hand signals in a trading pit or ring.A market in which contracts for future delivery of a commodity or a security are bought and sold on an organized futures exchange such as CBOT, CME.A market in which contracts for future delivery of a commodity or a security are bought or sold.

 X or cross trade: Is a transaction that is not exposed to the public by Outcry or usual trading practices. This type of trade is permissible provided it is done in accordance with the rules and regulations of the particular exchange and other regulatory organizations. The letter X can indicate this type of transaction on a ticker tape. It may be also used on a ticket or blotter. See the related Ex-Pit and Exchange for Physicals.

 
 Related Terms
 Open outcry

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Beware of fraud originating in phone messages and faxes: FDIC Consumer News has warned before about crooks who call or e-mail consumers and pretend to be legitimate companies or government agencies wanting people to "verify" or "resubmit" (divulge) confidential information such as bank account or credit card numbers as well as Social Security numbers, passwords and personal identification numbers. Here are variations to know about. More...

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