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Kill open outcry.
Their method of bidding is called "open outcry".
(The NYSE is the last big exchange to trade by "open outcry" rather than electronically).
The Board of Trade operates under what is known as the "open outcry auction market" system.
"Open outcry", where traders dealt shares face to face, was scrapped.
Livestock commodities, a last bastion of open outcry, now trade simultaneously on digital platforms.
Similar(18)
Open-outcry trading of financial options ended in May.
Officials still champion open-outcry trading, but their attitude towards computers is revealing.
The open-outcry trading floor has given way to fully electronic trading.
People have gone from trading in open-outcry pits to trading via screens to programming algorithms.
Last year, the Johannesburg Stock Exchange closed its open-outcry pit and introduced computerised trading.
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