Trading place where traders meet one another to communicate is classified as
A
outcry auction system
B
outcry system
C
face to face communication
D
money communication
Correct Answer: outcry auction system
Trading place where traders meet one another to communicate is classified as outcry auction system. Open outcry is a method of verbal and hand signal communication used by traders at stock and futures exchanges. Signals and shouts convey trading information, intentions, and acceptance in the trading pits.