Cabinet Crowd

The cabinet crowd is a small, lesser known group of investors on the New York Stock Exchange who trade in inactive bonds. These bonds are not traded often, and as a result, they are not very liquid and may not be very valuable.

The name comes from how bonds used to be tracked...in books in cabinets, each named for the type of bond (active, inactive, foreign and government). These bonds stayed in the cabinets longer than most, with orders staying open for extended periods of time.

Though at one time valuable and still present to an extent, these bonds and the people who trade them do not inspire movies like The Wolf of Wall Street. Would you go see a movie called The Cabinet Crowd? We didn't think so.