Talk:Open outcry
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Re replacing open outcry by electronic systems: I have removed reference to Nasdaq. Nasdaq did not replace any open outcry stock exchange. It introduced an electronic communication system for NASD's market makers to communicate prices. But these guys were not meeting in a a venue before. They were talking to each other on the phone. Cf. difference between order-driven markets (stock exchanges, bourses) and quote-driven markets (e.g. Nasdaq).
