open-cry auction Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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Meaning of “open-cry auction” in the English Dictionary

"open-cry auction" in Business English

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open-cry auctionnoun [C]

uk   us   (also open-outcry auction) STOCK MARKET, FINANCE
a ​method of ​trading on a ​financialmarket in which ​people shout out their bids and ​offers, rather than ​tradingonline or using the ​phone : The ​exchangeplans to ​partiallyreplace its famous open-cry ​auctiontradingsystem.
(Definition of open-cry auction from the Cambridge Business English Dictionary © Cambridge University Press)
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