LIFFE

Technique

Fist extended and turning slightly downwards.

Origin

First part of firm name sounds similar to rev so signal is to mimic revving a motorcycle.

Brokerage - REFCO

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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

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