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Tuesday, October 07, 2008
Yahoo To Put Ticketmaster Links Alongside Event Listings
Wallace Witkowski
MarketWatch Pulse
SAN FRANCISCO -- Ticketmaster and Yahoo Inc. said Tuesday they entered an agreement where the Web portal will place Ticketmaster links near event information on Yahoo sites. Financial terms were not disclosed. Yahoo said the agreement marks the first time users will be able to purchase event tickets directly from Yahoo sites.
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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.
