What does Blackboard Trading mean?
The practice of trading on an exchange using blackboards. The prices and trades are written on a blackboard and erased when not required. In some exchanges slips are posted on Blackboards and subsequently removed. Blackboard Trading is suitable only for small commodity exchanges with low volume of transactions.
Futures Knowledge Explains Blackboard Trading
Blackboard Trading is a slow process. The traditional Blackboard Trading method was gradually replaced by automated quote boards. You can now see the quotes online through computers or mobiles. Software programs has made it possible to execute trades online.