Trading Pits – Open Outcry Handsignals

Trading Pits – Open Outcry Handsignals

Video OpenOutcry  Trading Soybeans Chicago Mercantile Exchange 

Dont understand what’s going on……………..

 

Buying

Palms facing toward body.

Selling

Palms facing away from body.

LOTS

Numerical hand signals are generally constant throughout all trading floors but slight variations are made with figures greater than 99. Price is displayed away from the body and the quantity is displayed close to the face. Generally price is displayed before quantity (“price on quantity”) to buy and it’s the opposite to sell (“quantity at price”). When contracts are quoted in increments of 10ths, generally the signals used will be 1-9 and rather than increments of 10s.

LOTS 1 – 10

Index finger pointed upward at chin level, rest of fingers closed.

Index and middle fingers pointed upwards at chin level, rest of fingers closed.

Pinky, ring, and middle fingers pointed upwards at chin level, thumb holds down index finger.

Pinky, ring, and middle fingers pointed upwards at chin level, thumb holds down index finger.

All five fingers spread open at chin level pointed upwards.

Index finger pointed horizontally at chin level, rest of fingers closed.

Index and middle fingers pointed horizontally at chin level, rest of fingers closed.

Pinky, ring and middle fingers pointed horizontally at chin level, thumb holds down index finger.

Pinky, ring, middle and index fingers pointed horizontally at chin level, thumb closed in palm.

Index finger pointed upward at forehead level, rest of fingers closed.

LOTS 20 – 100

Index and middle fingers pointed upwards at forehead level, rest of fingers closed.

Pinky, ring and middle fingers pointed upwards at forehead level, rest of fingers closed.

Pinky, ring, middle and index fingers pointed upwards at forehead level, thumb closed in palm.

Index finger pointed upwards at forehead level and then becomes a fist.

ONE THOUSAND LOTS 

Horizontal arm crossed by vertical arm which indicated number of thousand.

SOURCE AND ALL HANDSIGNS 

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