open outcry
noun [U] STOCK MARKET, FINANCEDefinition
› 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: Dealers conduct their business via display screens linked to a central computer rather than by open outcry on a trading floor. open-outcry dealing/trading an open-outcry exchange/system/trader → See also open-cry auction
(Definition of open outcry noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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