open outcry

简明释义

公开喊价,公开叫价［证券交易所］

英英释义

例句

1.Many traditional commodities markets still rely on open outcry for trading.

许多传统商品市场仍依赖于公开喊价进行交易。

2.The excitement in the room was palpable as the auctioneer called for open outcry bids.

当拍卖师呼吁进行公开喊价竞标时，房间里的兴奋是显而易见的。

3.In the past, open outcry was the primary method of trading before electronic systems took over.

在过去，公开喊价是主要的交易方式，直到电子系统接管。

4.During the stock exchange, traders often use open outcry to communicate their bids and offers loudly.

在股票交易所，交易员通常使用公开喊价来大声交流他们的出价和报价。

5.The auction house decided to switch from online bidding to open outcry to create a more engaging atmosphere.

拍卖行决定从在线竞标转向公开喊价，以创造更具吸引力的氛围。

作文

In the world of finance and trading, various methods are employed to facilitate transactions between buyers and sellers. One of the most traditional and colorful methods is known as open outcry. This term refers to a system where traders publicly announce their buy and sell orders in a loud and chaotic manner, often in a trading pit or on the floor of an exchange. The open outcry system has been a staple of trading for centuries, providing a unique atmosphere that is both exhilarating and intense.The history of open outcry can be traced back to the early days of commodity trading when traders would gather in marketplaces to negotiate prices. As the financial markets evolved, so did the methods of trading. The establishment of formal exchanges led to the development of the open outcry system, which became prominent in the 19th century. Traders would use hand signals and vocal calls to communicate their intentions, creating a dynamic environment where information was exchanged rapidly.One of the key advantages of open outcry is the immediacy it provides. Traders can react quickly to market changes, adjusting their bids and offers in real time. This can lead to more efficient price discovery, as the collective actions of traders reflect the current supply and demand dynamics. Furthermore, the vibrant atmosphere of the trading floor fosters a sense of camaraderie and competition among traders, which can enhance their performance.However, the open outcry system is not without its drawbacks. The reliance on verbal communication can lead to misunderstandings and errors, especially in a noisy environment. Additionally, as technology advanced, many exchanges began to adopt electronic trading systems, which offer greater speed and accuracy. This shift has led to a decline in the use of open outcry, with many exchanges transitioning to fully electronic platforms.Despite these challenges, open outcry remains a fascinating aspect of trading history. It represents a time when human interaction was at the forefront of financial transactions, showcasing the passion and energy of traders. For those who have experienced the chaos of a trading pit firsthand, the memories of shouting bids and hand signals are unforgettable.In conclusion, open outcry is a term that embodies a unique and historical method of trading that has shaped the financial markets. While it may be less prevalent in today's digital age, its legacy lives on in the stories and experiences of traders who thrived in this vibrant environment. Understanding the concept of open outcry allows us to appreciate the evolution of trading practices and the human element that continues to play a crucial role in the financial world.

在金融和交易的世界中，采用各种方法来促进买卖双方之间的交易。其中一种最传统且色彩斑斓的方法被称为公开喊价。这个术语指的是一种系统，交易者在一个嘈杂混乱的环境中公开宣布他们的买入和卖出订单，通常是在交易场所或交易所的交易大厅中。公开喊价系统已经成为交易的一个重要组成部分，提供了一种既令人振奋又紧张的独特氛围。公开喊价的历史可以追溯到商品交易的早期，当时交易者会聚集在市场上进行价格谈判。随着金融市场的发展，交易方法也随之演变。正式交易所的建立促成了公开喊价系统的发展，这在19世纪变得尤为突出。交易者会使用手势和口头呼喊来传达他们的意图，创造出一个动态的环境，在这里信息迅速交换。公开喊价的一个主要优势是它提供的即时性。交易者可以快速对市场变化做出反应，实时调整他们的出价和报价。这可以导致更有效的价格发现，因为交易者的集体行为反映了当前的供求动态。此外，交易大厅中充满活力的氛围促进了交易者之间的团结感和竞争感，这可以提升他们的表现。然而，公开喊价系统并非没有缺点。对口头交流的依赖可能导致误解和错误，尤其是在嘈杂的环境中。此外，随着技术的进步，许多交易所开始采用电子交易系统，这些系统提供更高的速度和准确性。这一转变导致了公开喊价使用的减少，许多交易所已过渡到完全电子化的平台。尽管面临这些挑战，公开喊价仍然是交易历史中一个迷人的方面。它代表了一个人际互动处于金融交易前沿的时代，展示了交易者的热情和活力。对于那些亲身经历过交易场的混乱的人来说，喊价和手势的记忆是难以忘怀的。总之，公开喊价是一个体现独特且历史悠久的交易方法的术语，它塑造了金融市场。虽然在今天的数字时代可能不那么普遍，但它的遗产在那些在这一充满活力的环境中茁壮成长的交易者的故事和经历中得以延续。理解公开喊价的概念使我们能够欣赏交易实践的演变以及人类因素在金融世界中继续发挥的重要作用。