Cabinet Crowd
Members of the NYSE that typically trade in inactive bonds. Also known as the inactive bond crowd or book crowd. Investopedia Says:
The name cabinet crowd arises from the fact that these members will typically enter limit orders for transacting these bonds which are kept in "cabinets" adjacent to the bond trading floor until the limit prices are attained. Related Terms:
Active Bond
Active Bond Crowd
Bond
Cabinet Security
Floor
Limit Order
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