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Cody Willard

    Cody Willard

    Cody Willard

    Cody Willard is an anchor on the FOX Business Network. Willard is also the principal of an investment management company.

    He was a long-time featured columnist for the Financial Times and TheStreet.com as well as a regular featured economist and stock picker on CNBC's ''Kudlow & Company."

    Willard is also a professor at Seton Hall University where he teaches a class called "Revolutionomics," focused on technology and business. 

    He is the author of the RevolutioNewsletter a subscription newsletter at RevolutioNewsletter.com, as well as CodyWillard.com, a blog focusing on various topics from music to Wall Street.  He is also the founder of RevolutioNetwork.com, the non-partisan social network of the New American Revolution.

    He began his career at Oppenheimer & Co. in 1996 and was Chief Analyst at Visual Radio, a technology venture capital fund, and VP of wholesale operations at Broadview Networks, a telecommunications company. 

    A native of Ruidoso, New Mexico, Willard earned a bachelor's degree in economics at the University of New Mexico. Willard is also a musician and songwriter with the "Museum of the Horse" rock band.


    Survive this economic revolution at http://RevolutioNewsletter.com

    Read Cody's blog at http://codywillard.com

    Facebook Cody at http://www.facebook.com/profile.php?id=763890180

    MySpace Cody at http://www.myspace.com/codyonfox

     
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    Open Outcry

    If you've seen TV footage of an active trading pit, you've probably noticed the atmosphere is uproarious and wild. The reason for all the shouting? Open outcry.

    On exchange floors that use the open-outcry system, traders shout prices they want to sell while others yell back the price they want to buy at. They also use hand gestures to communicate with each other.

    This system has been used for a long time, but is being replaced with modern technology. Some argue electronic exchanges can do the job faster and more accurately. One of the few exchanges that continue to use open outcry is the New York Mercantile Exchange.