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Cabinet Crowd

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Cabinet Crowd
Members of the NYSE that typically trade in inactive bonds. Also known as the inactive Bond crowd or book crowd.
    
Members of the New York Stock Exchange who trade in infrequently traded bonds. 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. Members of the New York Stock Exchange who trade in infrequently traded bonds.
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