LIFFE
Technique
Thumb and index finger pointed upwards at forehead level with remaining fingers tucked into palm.
Origin
Bullhorns to represent logo of Merrill Lynch which is a bull with large horns.
Brokerage - Merrill Lynch
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2 of 4
The ability to recognize all market participants was what made open outcry trading transparent and from this, signals were developed for the larger brokerages and for some large local traders. In cases where a more universal signal was never developed, their hand signal in the pit would simply be their three digit firm number