Open outcry - Factbites

Open outcry - Factbites
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Topic: Open outcry

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In the News (Thu 31 Dec 09)

Northern Trust

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		The act also makes it clear that no action can be taken against a public official for disclosing information discussed in closed meetings because that would be contrary to the intent of the act, which is to encourage free and open discussion of public business.
		Reacting to the vocal public outcry following the Streator City Council’s decision to fire city manager Paul Nicholson, local businessman Mike Sheridan described the behavior “an embarrassment to the city.”
		• Councilman Ed Benner, citing a complaint by Councilman Ken Sangston that he divulged information discussed in executive session, noted that the Illinois Open Meetings Act specifically states that council members can discuss issues discussed in executive session in public if they choose to do so.
	www.times-press.com /newsmain.php?storyid=6419

	Intellectual Property - History
		After public outcry, James I was forced to revoke all existing monopolies and declare that they were only to be used for 'projects of new invention'.
		This became increasingly open to abuse as the Crown granted patents in respect of all sorts of known goods (salt, for example).
		In England the King was concerned by the unfair copying of books and used the royal prerogative to pass the Licensing Act 1662 which established a register of licensed books and required a copy to be deposited with the Stationers Company.
	www.wipout.net /history.html

	The Risks Digest Volume 12: Issue 9
		A copy of all such inventories will be part of the court record and open to public inspection.
		Of the remaining members, two shall be public members, and one shall be a member of the executive branch, all of whom shall be appointed pursuant to section 2 of P.L.1971, c.60 (C.45:1-2.2).
		The May 27 Aviation Week, reporting on the April 1 test-stand failure of an upgraded SRB for the Titan 4: Investigators determined that extensive three-dimensional computer simulations of the [motor's] firing dynamics did not reveal subtle factors that they now believe contributed to motor failure.
	catless.ncl.ac.uk /Risks/12.09.html

	Communist Party of Indonesia - Wikipedia, the free encyclopedia
		During his presidency Gus Dur floated the idea of permitting open discussion of the communist ideology, but this provoked a public outcry and accelerated the move toward his impeachment.
		This page was last modified 09:48, 19 July 2005.
	en.wikipedia.org /wiki/Communist_Party_of_Indonesia

	Santa_Monica_The_Lookout_Amazing Lack of Public Outcry
		The only thing slightly more amazing is the lack of a public outcry.
		Aside from Board Member Oscar de la Torre's pointed criticism of this policy ("High Schools to Open Student Rolls to Military," Sept. 23, 2003), not a single official of this supposedly progressive community has decried the blackmailing of public school districts for military recruiting purposes.
		As our country swings further to the right and down the road of imperialism (Iraq being the first preemptive war in American history), we will soon rue this day as a soiled page in America's proud history of defending freedom.
	www.surfsantamonica.com /ssm_site/the_lookout/letters/Letters-2003/Sept_2003/09_25_03_Amazing_Lack_of_Public_Outcry.htm

	CUPW - 2004-02-10 - Major public outcry against post office closures
		While CUPW continues to push against the employer at the national level through the Appendix T committee and a national policy grievance, CUPW members and the public working together to resist post office closures is a necessary component to keeping their doors open.
		CUPW - 2004-02-10 - Major public outcry against post office closures
		On the other side of the country, postal workers and the public are pushing back against the closure of the Tranquille outlet (Station A), in Kamloops, B.C. The community and area businesses are hotly contesting the closure planned for March 4, 2005.
	www.cupw-sttp.org /pages/document_eng.php?Doc_ID=835

	Library Autonomous Zone: Technology & Society Archives
		Last month, I posted here about the Government open code collaborative repository, a voluntary group of state government administrators and agencies who encourage open-source within state governments.
		The article reports on a panel discussion 'designed to address the outcry from "Luddite privacy people who don't like this new technology."' The panel was hosted by the American Electronics Association (motto: "Advancing the Business of Technology").
		The Act is nominally about requiring the government to set standards for the accuracy of scientific information, but is controversial because it was supported and largely written by industry-backed groups which have are using it to challenge government data.
	gort.ucsd.edu /mtdocs/archives/laz/cat_technology_society.html

	AudiWorld Forums: Don't know if its been done, but has AudiWorld ever done an open letter to Audi of America......
		I know that GM had the same problem with the Cadillac Cateras and due to public outcry started doing the work free of charge for cars under 100k and reimbursement for any labor done before hand, I know because I had a 98 Catera before my last A4 and had everything done free of charge.
		AudiWorld Forums: Don't know if its been done, but has AudiWorld ever done an open letter to Audi of America......
		I failed to mention most of these problems are due to the tensioner design.
	forums.audiworld.com /a4/msgs/2142636.phtml (449 words)

	deseretnews.com London exchange moves to electronic system
		The switch to screen trading of oil futures contracts, which brought an end to the 25-year tradition of open outcry trading, is part of the IPE's plan to improve efficiency and competitiveness.
		Analysts said the competition between the two exchanges will come down to the debate over open outcry and electronic trading.
		The LME has said it has no current plans to abandon its open outcry system, which is used by 11 dealing firms and is supplemented with telephone and electronic trading.
	deseretnews.com /dn/view/0,1249,600124479,00.html (794 words)

	CRB Trader Archive
		During this period the unique "open outcry" system was developed in Chicago.
		In fact, the growth of online futures trading has taken just three years to match the volume of trading in all other "open outcry" index products.
		The new products also trade in tandem with their larger, open outcry counterparts, bringing the two worlds of electronic and pit trading together in a unique "third way." According to some estimates, electronic trading volume is up 115 percent so far this year at the Chicago Mercantile Exchange.
	www.crbtrader.com /trader/v09n05/v09n05a08.asp (794 words)

	Fx Trading at my-real-estate-finder.com
		BRENT OIL TRADING STARTS IN DUBLIN TODAY offered here by the New York Mercantile Exchange on the same terms as the Brent crude futures contract it offers on its New York trading floor.The exchange has leased space for its "open outcry" trading operation from the New York
		10am and 7.30pm, with after-hours electronic trading and will be in direct competition with London's International Petroleum Exchange (IPE) Brent market.IPE earlier this year said it plans to phase out its "open outcry" system of trading in favour of remote methods.
		crude options for January delivery open at USD49.15 a barrel.The Exchange has leased space from the New York Board of Trade's FINEX Dublin operation, with traders including FINEX traders, as well as energy traders from New York and London.Regular trading will take place between
	www.my-real-estate-finder.com /Fx-Trading.html (794 words)

	Boston.com / Business / Eurex futures exchange to launch in U.S.
		The Eurex expansion will likely put more pressure on the Chicago exchanges to phase out open outcry -- the colorful trading system of hand-waving and shouting that has been their trademark but that many say is antiquated.
		Unlike its American counterparts, which still rely heavily on "open outcry" trading, there will be no membership fees and customers won't need to buy seats to participate.
		Eurex US intends to offer numerous products that are the same as those offered by the nearby Board of Trade, which trades futures and options on agricultural and financial products.
	www.boston.com /business/articles/2003/09/16/eurex_futures_exchange_to_launch_in_us (794 words)

	New York Mercantile Exchange Page
		Jacobobovits said that the exchange's officers would decide on Saturday, September 15 whether trading would resume on Monday, and if so, whether it would be done with the electronic system, or by open outcry in the regular pits.
		This standby electronic trading system is based upon the system used by the exchange for after-hours trades, but it usually handles only a small fraction of the volume of the regular "open outcry" system.
		This new system served to increase the value of the 379,036 ounces (11.8 metric tons) of gold, and the 30.2 million ounces of silver which are now buried under the rubble of 4 World Trade Center, near the center of the area attacked and destroyed by the terrorist attack of September 11, 2001.
	www.thedempseyarchives.com /nymex (501 words)

	Bloomberg.com: U.K.
		In its own statement, the exchange said that pit trading was ``suspended temporarily due to intruders on the open-outcry floor of the exchange.''
		Nymex supports keeping open-outcry trading while the IPE wants to shift its users to its electronic system.
		Feb. 16 (Bloomberg) -- International Petroleum Exchange floor trading of oil futures was disrupted and delayed by environmental protesters who entered the London exchange, brokers and exchange officials said.
	www.bloomberg.com /apps/news?pid=10000102&refer=uk&sid=aRfegqY.nGS4 (360 words)

	TA Associates - News
		Its subsidiary, the International Petroleum Exchange of London (IPE), is Europe's leading energy futures and options exchange, providing regulated open-outcry and electronic marketplaces where participants use futures and options to manage their price risk exposure in the physical energy markets.
		The IPE provides highly regulated open-outcry and electronic marketplaces where market participants use futures and options to minimize their price exposure in the physical energy market.
		Its subsidiary, the International Petroleum Exchange of London (IPE), is Europe's leading energy futures and options exchange.
	www.ta.com /news/news_detail.asp?id=81 (645 words)

	CBOT takes re-look at restructuring plan
		The CBOT eliminated a key element of the plan that drew objection from the CBOE - the idea of splitting the CBOT into separate electronic and open-outcry exchanges.
		The CBOE had challenged the CBOT's plan to split into separate open-outcry and electronic entities, saying it could result in a flood of CBOT members demanding trading rights at the CBOE.
		A merger with the options exchange also would have made the CBOT a more attractive investment.Both the revised restructuring plan and the CBOE's rejection of a merger were bitter pills to swallow for CBOT Chairman David Brennan.
	www.expressindia.com /fe/daily/20000906/fco06050.html (332 words)

	BROKERAGE FIRMS
		FuturePath Trading Headquartered in Chicago, FuturePath Trading is advancing the global professional trading community with superior electronic and open-outcry market access, providing optimal execution and clearing solutions.
		Open E Cry Provides direct access futures brokerage offering the latest in online trading technology as well as a constant flow of proprietary research and analysis.
		What sets the firm apart from others is the unique structure and policies of Striker, which no other stock or futures brokerage firm offers.
	www.futuresmag.com /resources/newlinks/brokerage.html (387 words)

	In India, Powell defends U.S. jobs policies / Secretary of state wants more trade in American goods
		The secretary emphasized that he was making this request not as a condition for the United States allowing outsourcing to continue, but because it is in India's interest to be more open.
		"The secretary made clear in his remarks that we are concerned when Americans lose jobs, and we are focused on creating jobs for American workers, and the best way to do that is to open markets around the world, including in India," said Claire Buchan, a spokeswoman for the White House.
		In February, Gregory Mankiw, chairman of the White House Council of Economic Advisers, stirred a political outcry when he called the outsourcing of jobs a long-term benefit for the economy.
	www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2004/03/17/BUGUO5M3RS1.DTL (387 words)

	A Picture is Worth a Thousand Words
		The wedge was supposed to open a wide hole, with the ball carrier following in the wings of the wedge.
		It worked fine for those who first used it, but injuries and even deaths were so numerous on the gridiron that a public outcry caused the whole concept of THE FLYING WEDGE to be outlawed forever.
		In the Nineties the game deteriorated from wide open play into concentrated and close bodily contact, into what some called Mass Mayhem.
	www.charlevoix.lib.mi.us /miles/V-008.htm (371 words)

	ABC Sport - Tennis- Rain trouble prompts Flushing Meadows roofing move
		Plans are reportedly underway to fix a roof over at least one court of the National Tennis Centre in New York following severe rain delays to last week's US Open.
		According to Andre Agassi's coach Darren Cahill the enormous outcry from the players, public, and media has prompted the move.
		the US Open, at Flushing Meadows, was dogged by rain delays [File photo] Credit: Alex Livesey (Getty Images)
	www.abc.net.au/cgi-bin/common/printfriendly.pl?http://www.abc.net.au/sport/content/s942281.htm (109 words)

	World Jurist Association
		The WJA was formed in response to an international outcry for a free and open forum where judges, lawyers, law professors, and others from around the world could work cooperatively to raise public support for the institutions that govern and enforce the administration of international law.
		By encouraging our members to present their individual experiences, we are providing a forum for an open exchange of ideas and solutions to the conflicts and problems facing today's world.
		At its outset, the WJA recognized that the key to strengthening the Rule of Law was to encourage dialogue among lawmakers, legal practitioners, and educators.
	www.worldjurist.org (486 words)

	Proposal to the Bank of Greece on the Organization of the Secondary Market for Greek State Bills, Notes, and Bonds
		The Bank is also advised to run the primary market for Greek State bills, notes and bonds as an ascending open-outcry single-price auction.
		The Bank of Greece is advised to open a secondary market in Greek State bills, notes, and bonds.
		For that purpose, the Bank of Greece is advised to create a new Division to run the primary and secondary markets.
	www.stern.nyu.edu /networks/bankgree.html (193 words)

	A Conversation with Bill Miller
		In an open letter dated July 12, Avid CEO Bill Miller responded to the outcry.
		However, Bill, your open letter to users says explicitly that Film Composer would not be a part of that endeavor.
		Miller went on to outline the company's development plans for its Mac-based products, which include the "Millennium Edition" release for Media Composer in mid-2000, and the introduction of their next-generation 'Meridien' video system for Avid Xpress.
	www.editorsguild.com /newsletter/JulAug99/miller.html (193 words)

	DIRECT TRADE
		For open outcry (pit traded) markets, we have filling brokers standing in the middle of the trading pits and you can send your orders electronically to these brokers for immediate execution bypassing the middle man! DIRECT TRADE employs the fastest means of executing orders and is an absolute MUST for professional and serious traders.
		If you're a self-directed commodity futures and options trader interested in the control and convenience of trading on-line, it's time to open an account with DIRECT TRADE.
		This low rate and our professional service are available to you with no minimum trading activity required.
	www.DTFutures.com (193 words)

	Bloomberg.com: Top Worldwide
		The exchange, based at St. Katherine's Dock, near Tower Bridge along the River Thames, reduced the hours of open-outcry trading to a period between 2 p.m.
		The New York Mercantile Exchange is close to signing a lease in London to open an oil-trading pit, hoping to draw traders and brokers away from the IPE.
		March 7 (Bloomberg) -- The International Petroleum Exchange, the world's second-largest oil futures market, will shut its trading pits next month, the culmination of a three-year plan to move its contracts onto computer screens.
	www.bloomberg.com /apps/news?pid=10000087&sid=aDcCKWi84Ypk&refer=top_world_news (631 words)

	Futures (Cedar Falls, Iowa) : Aurora vs. GLOBEX technology: how the computer systems will work. (automation in options trading) (includes related article) @ HighBeam Research
		The Chicago Mercantile Exchange (CME), while also extolling the benefits of the open-outcry market for its normal daytime hours, nonetheless favors a trade-matching system that ensures anonymity and objectivity on GLOBEX.
		The Chicago Board of Trade (CBOT) steadfastly believes efficiency can be achieved only through the open-out-cry system.
		The Aurora screen is virtually a bird's-eye view of the trading pit, with individual traders represented by "icons"--blue ones for buyers, red for sellers -- that are allowed to trade with anyone
	static.highbeam.com /f/futurescedarfallsiowa/june011989/auroravsglobextechnologyhowthecomputersystemswillw/index.html (267 words)

	English auction - Wikipedia, the free encyclopedia
		In an English auction (also called an Open-outcry auction), the auctioneer begins the auction with the reserve price (lowest acceptable price) and then takes larger and larger bids from the customers until no one will increase the bid.
		Another variation on the English auction is the open-exit auction, where the bidders must announce that they are dropping out of the bidding and they can't reenter.
		Winner's curse is rampant in these auctions due to strong competition and inexperienced participants getting carried away in the heat of the moment.
	en.wikipedia.org /wiki/English_auction (267 words)

	Khushboo's comments stir controversy
		Taken aback by the outcry, Kushboo has tendered an open apology to Tamils, especially women, saying she would never dream of sullying the image of the Tamil people.
		The people who are protesting are not open minded.
		What ever we say on media will be on Hot talks, we need to take care of the script......
	www.rediff.com /movies/2005/sep/26khushboo.htm (495 words)

	Chicago Mercantile Exchange - Wikipedia, the free encyclopedia
		The open outcry method consists of floor traders standing in a trading pit to call out orders, prices, and quantities of a particular commodity.
		CME has the largest options and futures contracts open interest (number of contracts outstanding) of any futures exchange in the world, which indicates a very high liquidity.
		The CME was founded in 1898 as the Chicago Butter and Egg Board.
	en.wikipedia.org /wiki/Chicago_Mercantile_Exchange (370 words)

	Library Journal - What's Happening In Public Libraries
		Patron outcry will keep the Greentown branch of the North Canton Public Library, OH, open at least until the end of the year.
		Still, library officials aren't guaranteeing that the library will stay open in 2003 if state funding cuts continue.
		Besides library discards, some books for the sale are donated by patrons.
	www.libraryjournal.com /article/CA242292.html (308 words)

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In the News (Thu 31 Dec 09)