ABIBLO FINANCE - CALLOVER

Call over is a form of meeting by commodity dealers and brokers at fixed period during the day with hope to form a market in that commodity. Traditionally, the call over has been used in trading in futures, on a standard contract in fixed quantities where clearing house is considered to settle the payment by differences. As traders form a ring around the person calling out the prices, this will lead to ring trading of the market. However, this has been replaced by automated screen trading system.