BROWSE

Cabinet Crowd

What is 'Cabinet Crowd'

Members of the NYSE who typically trade in inactive bonds. The cabinet crowd is made up of a relatively small group of traders and investors who deal in inactive fixed-income securities. These bonds are inactive due to the fact that they are not actively traded and, thus, are deemed more illiquid, causing bid-ask spreads to be much wider than active or more liquid bonds.

Explaining 'Cabinet Crowd'

The name cabinet crowd arises from the fact that historically these members would typically enter limit orders for transacting these bonds, which were kept in "cabinets" adjacent to the bond trading floor until the limit prices were attained. Once these limit prices were reached, the orders would then be removed from said cabinets and executed.


Further Reading


Japan's financial crisis and economic stagnation
www.aeaweb.org [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …

Occupy the social Contract! participatory democracy and Iceland's crowd-sourced constitutionOccupy the social Contract! participatory democracy and Iceland's crowd-sourced constitution
www.tandfonline.com [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …

1 'Heads in the Sand': Football, Politics and Crowd Disasters in Twentieth‐Century Britain1 'Heads in the Sand': Football, Politics and Crowd Disasters in Twentieth‐Century Britain
www.tandfonline.com [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …

Austerity and the path of least resistance: how fiscal consolidations crowd out long-term investmentsAusterity and the path of least resistance: how fiscal consolidations crowd out long-term investments
www.tandfonline.com [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …

Social vs. Military Spending: How the Escalating Pentagon Budget Crowds out Public Infrastructure and Aggravates Natural Disasters—the Case of Hurricane KatrinaSocial vs. Military Spending: How the Escalating Pentagon Budget Crowds out Public Infrastructure and Aggravates Natural Disasters—the Case of Hurricane Katrina
www.tandfonline.com [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …

Social finance and crowdfunding for social enterprises: A public–private case study providing legitimacy and leverageSocial finance and crowdfunding for social enterprises: A public–private case study providing legitimacy and leverage
www.tandfonline.com [PDF]
… Anil K Kashyap is the Edward Eagle Brown Professor of Economics and Finance, Graduate School of Business … Source: Cabinet Office (Japan) (2003), Heisei 15-nendo Nenji Keizai Zaisei Hokoku (Annual Economic and Fiscal Report for … 12 Journal of Economic Perspectives …



Q&A About Cabinet Crowd


Why are these bonds inactive?

These bonds are inactive because they are not actively traded and, thus, deemed more illiquid, causing bid-ask spreads to be much wider than active or more liquid bonds.

What was his previous employment?

He worked as a CNBC television financial news host.

How did this group get its name?

This group got its name from historically entering limit orders for transacting these bonds which were kept in cabinets adjacent to the bond trading floor until limit prices were attained. Once these limit prices were reached, orders would then be removed from said cabinets and executed.

Where do members of the cabinet crowd trade?

Members of the cabinet crowd trade on the NYSE.

What is the name of this group?

The Cabinet Crowd.

What kind of bonds are these members typically trading in?

Inactive fixed-income securities.

How did he get into politics and government?

He volunteered for various political campaigns before working in the Reagan administration.

Leave a Reply

Your email address will not be published. Required fields are marked *