open-cry auction
noun[C]
STOCK MARKET,FINANCEukus(alsoopen-outcry auction)amethodoftradingon afinancialmarketin whichpeopleshoutouttheirbidsandoffers,ratherthantradingonlineor using thephone:
Theexchangeplanstopartiallyreplaceitsfamousopen-cryauctiontradingsystem.