When A Floor Trader says " buying 50k of ABC (stock) in Orange" what does the term "In Orange" Mean???
40 ppl and not one knows... lol... if anyone finds out or is trying to... let me know.. thank you in advance for any and all your help...
We used to use gambling chip colors when talking about order sizes to our guys on the floor. Orange chip = $1,000, so when I talked to a floor trader about upcoming orders we'd talk like "Tell Jimmy to hit the can now, I'm gonna need a orange of SPU's in about 10 min." (meaning I'll need to buy 1,000 September SP contracts coming up, so Jimmy better go take a quick bathroom break). We used chip colors to avoid errors because of the floor noise level. Doesn't seem too relevant to your context, though.
i know that colors are used for futures contracts as well, but don't remember orange being one of them (for eurodollars).