red button

red button

English

Noun

red button (plural red buttons)

1. (UK, finance, historical) A clerk employed in the settling room of the stock exchange.

   Coordinate term: blue button

   • 1954, Margaret Shelly Rix, Stock Market Economics (page 17)

     Unauthorized clerks or Blue Buttons can make enquiries in the House and ask for prices but may not enter into any contract, while Red Buttons are clerks entitled to work in the Settling or checking Room.

   • 1964, David Eugene Spray, The Principal Stock Exchanges of the World (page 189)

     The third and junior category, the Settling Room clerks wear a red badge and are known as "red buttons."