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Open Outcry

What does it mean?
A method of trading on a commodity exchange by making verbal bids and offers in the trading pits.

In Other Words...
A contract is made if one trader cries out that he wants to sell at a certain price and then another trader yells out that he will buy at that same price.

Related Links
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Related Terms
Commodity | Pit

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Image Financial LLC is not a registered broker-dealer, but rather works in coordination with fully licensed broker-dealers, SIPC-insured clearing firms, and private trading firms to provide licensed and non-licensed clients with access to career trading programs and direct access trading capabilities.  Our firm and our network affiliates strongly recommend that all clients fully read and acknowledge all SEC risk disclosure statements available on our site and our affiliate broker-dealer websites prior to engaging in any live trading activity, and acquire a solid understanding of the risks inherent in active "day" trading.