open outcry
- 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
- During the chaos of open outcry, he managed to secure a good deal.
- Despite the advent of technology, some still prefer the open outcry method for its human touch.
- Commodity exchanges often use open outcry, even though it's being gradually replaced by electronic platforms.
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