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RT's,
I have a question for those in the know. What I would like to know is a
what point in a floor transaction is the price actually determined? Is it
when a runner takes a ticket to be recorded in some fashion? Or is some
person in the pit punching it into some device after a bid is accepted.
Just how do they keep track of the price. I have seen movies and photos of
traders standing there holding up there arms showing various hand signals,
but its not clear to me how or when a price is set. Help anyone?
Thanks,
Brent
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