Floor broker

Floor broker
A member who is paid a fee for executing orders for clearing members or their customers. A
floor broker executing customer orders must be licensed by the CFTC.
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floor broker - Related Articles
Private Investments in Public Equity
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Floor broker. Floor brokers are agents who execute buy or sell orders for individual and institutional investors.
Going public. When a company sells shares of itself to the public to raise capital.

Floor Broker
Any person who, in any pit, ring, post or other place provided by a contract market for the meeting of persons similarly engaged, executes for another person any orders for the purchase or sale of any commodity for future delivery.

Floor Broker
A member of an exchange who may or may not be employed by a member firm and executes orders on the floor of the exchange. The floor broker executes orders for customers and is therefore acting as agent.

FLOOR BROKER " A member of an exchange who executes orders on the floor of the exchange to buy or sell any listed securities. See: Commission Broker and Two-Dollar Broker.

Floor broker. A member of the stock exchange who executes orders on the floor of the Exchange to buy or sell any listed securities.

Floor broker
Floor brokers at a securities or commodities exchange handle client orders to buy or sell through a process known as a double action auction, in which brokers bid against each other to secure the best price.

Floor brokers: Employees of a broker/dealer who execute the firm's orders on the floor of a futures exchange.

Floor Broker - Member of an exchange and employee of a member firm who executes orders on the exchange floor for clients; typically, the guys in the noisy, crazy "pits" you see when scenes of stock markets are displayed on TV or film.

Floor Brokers. Brokers represent public orders to buy or sell shares and work to get their customers the best price.

Floor Broker - Is a member of an exchange who executes orders for others. This compares to a Floor Trader.
Floor Trader - Is a member of an exchange who trades for his or her own personal account. This compares to a Floor Broker.

Floor brokers are members of a stock or commodities exchange who handle client orders that are sent to the floor of the exchange from the trading department or order room of the brokerage firms they work for.

FLOOR BROKER
An exchange member who executes orders to buy or sell futures
and options in the trading ring on the floor of a commodities
exchange.

Floor broker
Used for listed equity securities. Member of an exchange who is an employee of a member firm and executes orders, as agent, on the floor of the exchange for clients.
Floor picture ...

Floor broker of the NYSE, who executes orders for other brokers having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on the floor.
Two-factor model ...

A floor broker handles buy and sell orders on the floor of a securities or commodities exchange. A real estate broker represents the seller in a real estate transaction and receives a commission on the sale.

>> Floor Broker
A trader on an exchange floor who executes trading orders for other people.
>> Floor Trader ...

See: Floor Broker; Security; Stock Exchange
Trading Halt
A security that has temporarily stopped trading because of a major news announcement or an imbalance of orders to buy and sell.
See: Delayed Opening; Suspended Trading ...

NYSE Hosts Floor Broker Charity Trading Day
11/03/11 NYSE will hold its third annual Floor Broker Charity Trading Day on Friday, Nov. 4, 2011. Executive VP of Floor Operations, Lou Pastina, discusses the charitable event. (01:50) ...

broker, usually a floor broker, who executes trades of stocks, bonds, or commodities for a commission.
Dictionary of Business Terms
commission broker ...

Take the offer Buy stock by accepting a floor broker's (listed) or dealer's (OTC) offer at an agreed-upon volume. Antithesis of hit the bid.

Independent broker NYSE member who executes orders for floor brokers and firms other than its own.

Buy stock by accepting a floor broker's (listed) or dealer's (O.T.C.) Offer at an agreed-upon volume. Antithesis of hit the bid.

If the floor broker to buy 20M IBM at $115, and he then buys 6M at this price, his report would be, "You bought 6M IBM at $115; leaves 14." Ledger cash A firm's cash balance as reported in its financial statements. Also called book cash.

(1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm broker who has too much business at the time to execute the order).

Used for listed equity securities. a) Term used in a securities transaction involving three brokers, as illustrated by the following scenario: broker A, a floor broker, executes a buy order for broker B.

Freedom given to the floor broker by an investor to use his judgment regarding the execution of an order.

Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. Also, person who acts as an intermediary between a buyer and seller, usually charging a commission.

The electronic automated order entry system routes small orders directly to the appropriate specialist on the exchange floor, bypassing floor brokers. Both round and odd lots orders can be entered on such an automated order entry system terminal.

Also a market order, but the investor is allowing the floor broker to use his own discretion as to the exact timing of the execution.

Owning a seat on the NYSE enables one to trade on the floor of the exchange, as an agent either for someone else (floor broker) or for one's own personal account (floor trader).

Definition: [crh] Floor broker of the NYSE, who executes orders for other brokDefinition: ers having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on ...

An order that instructs the floor broker to do one of two different executions. It is possible that only one of the alternatives will be completely filled, or that both options may be partially filled.
American Exchange (AMEX) ...

DISCRETION - Freedom given to the floor broker by an investor to use his judgment regarding the executi...
DISCRETIONARY - Is an order which given a client gives to the broker. The discretion is in terms of pri...

With Discretion - A type of limit order that can be modified by a floor broker according to his or her own judgment, allowing him or her to buy or sell to a set point beyond the bounds of the original order.

An individual who is paid a commission for executing customer orders. Either a Floor broker who executes orders on the floor of the Exchange, or an Upstairs broker who handles retail customers and their orders. Related: real estate broker ...

An illegal trading practice used by floor brokers. It is considered to be non-competitive, as it involves the execution of large trades at different prices.

Market or limit order in which the customer does not desire to transact automatically at the inside market (market held) but instead has given the trader or floor broker (listed stock) time and price discretion in transacting on a best-efforts basis.

Market If Touched
An order with the floor broker which becomes a market order if a trigger price is reached.

Automated Order System definition :
Investment bank computerized order entry system that sends single order entries to DOT (Odd-Lot) or to investment banks floor brokers on the exchange. See: Round lot, GTC orders.
Have YOU got what it takes?

All orders in a floor broker's possession that have not yet been executed....(Read more)
Declaration Date
The date on which a dividend is declared by a company's directors. Once declared the dividend becomes a liability of the company....

Floor broker A licensed agent who is paid a commission for executing orders for clearing members or their customers.

floor broker An exchange member who executes orders on the floor of an exchange on behalf... floor loan A minimum amount that a lender is willing to loan.

feet of natural gas) can be easily compared when expressed as dollars and cents per million Btus. [NYMEX] broker 1) An individual who is paid a fee or commission for acting as an agent in making contracts, sales, or purchases. 2) A Floor Broker ...

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