Commodity Exchange Trading Floor

He also looks at commodities such as oil gold and copper.

Commodity exchange trading floor. While trading on the floor of the exchange is being quickly eroded by electronic trading platforms the open outcry method of trading doesn t appear to be completely going away any time soon. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. Get the latest commodity trading prices for oil gold silver copper and more on the u s. Open outcry is a method of communication between professionals on a stock exchange or futures exchange typically on a trading floor.

The part of the trading floor where this takes place is called a pit. Kim looks at trends in the us dollar index and looks at pairs such as eurusd audusd and usdjpy. James kim sales trader at saxo capital markets australia examines trading strategies for the week in a technical analysis of forex and equity charts. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders.

The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual. The floor broker can relay these insights to the customer via the upstairs commodities broker. Information flow floor brokers standing in a pit and watching non stop trading in a commodity may have a better feel for the action than a broker trading on an electronic platform. The floor where trading activities are conducted.

Trading floors are found in the buildings of various exchanges such as the new york stock exchange and the chicago board of trade. In an open outcry auction bids and offers must be made out in the open market.