Commission broker
A broker on the floor of an exchange acts as agent for a particular brokerage house and who buys and sells stocks for the brokerage house on a commission basis. ...
commission broker
broker, usually a floor broker, who executes trades of stocks, bonds, or commodities for a commission.
Dictionary of Business Terms ...
COMMISSION BROKER " An agent who executes the public's orders for the purchase or sale of securities or commodities.
When a commission broker on the Exchange floor receives a limit order, say, to buy at $50 a stock then selling at $60 -- he cannot wait at the post where the stock is traded to see if the price reaches the specified level.
Commission broker A broker who acts as an agent for a particular brokerage house and who buys and sells securities for that brokerage and its clients on a commission basis.
Formerly called $2 brokers because of their commission for a round lot trade, independent brokers are compensated by commission brokers with fees that once were fixed but are now negotiable. See also Give Up.
Previously known as "Two-Dollar Brokers", these brokers used to receive $2 per hundred shares for executing such orders. These fees, paid by the commission brokers, were once fixed but are now negotiable.
Full service brokers offer advice and usually have a staff of analysts who follow specific industries. Discount brokers simply execute a client's order and usually do not offer an opinion on a stock. Also known as a round-turn.
Commission broker ...
 See also: Expense, Banks, CFTC, Indenture, Margin account
  
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