open outcry

Definition of "open outcry"
  1. A public auction method where traders bid and offer at the same time on a trading floor, often used on US commodity exchanges but mostly replaced by electronic trading platforms elsewhere
How to use "open outcry" in a sentence
  1. During the chaos of open outcry, he managed to secure a good deal.
  2. Despite the advent of technology, some still prefer the open outcry method for its human touch.
  3. Commodity exchanges often use open outcry, even though it's being gradually replaced by electronic platforms.

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