Rendered obsolete by phone and now electronic trading, what was the term for the early method of trading in which people screamed trades and used hand signals?

In the open outcry method of trading, all the bids are made out in the open market, allowing everyone to take part and compete for the best price. This method has a long standing tradition on the NYSE, but has mostly been replaced by private exchanges, brokerage dealings, or electronic trading.

Asked by Tom Cohen · Last updated 5 years ago · 839 views