open outcry pit

noun [C] STOCK MARKET, FINANCE

Definition

› the area of floor in a financial market where people shout out their bids and offers, rather than trading over the telephone or online: The majority of trade is done through open outcry pits with dealers shouting orders across the floor.

(Definition of open outcry pit noun from the Cambridge Business English Dictionary © Cambridge University Press)

+ Free Dictionary Toolbar for Browsers
+ Add Dictionary Search to iGoogle and your website

+ Become a fan on Facebook
+ Follow us on Twitter!

Browse the Thesaurus

Business
Clothes
Education
Finance
Light and colour
Personal care

Our dictionaries

British English
American English
Business English
Learner's Dictionary
Essential British English
Essential American English
English-Spanish
Español-inglés
English-Turkish

Browse the Dictionary

open learning noun
open market noun
open noun
open offer noun
open outcry noun
open outcry pit noun
open position noun
open shop noun
open skies noun
open standard noun
open system noun

Word of the Day

honest-to-goodness

real or true

Word of the Day ►

Blog

Read our blog about how the English language behaves.

Learn More ►

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.