Floor broker

floor broker investment & finance definition
A person who buys and sells stocks or other securities on an exchange. Floor brokers are the largest single membership group of the New York Stock Exchange (NYSE).

Floor Broker
What It Is:
A floor broker, also known as a pit broker, is a brokerage firm employee who executes orders on the floor of a stock or commodity exchange on behalf of clients.

If your sole desire is to manage a few accounts on the side while you continue to trade on the floor, you most likely will not have to do anything. However, the Commodity Exchange Act says that as a floor broker you can give advice to customers as ...

Floor Broker/Trader: an individual who trades commodity contracts on the floor of a commodities exchange. When executing trades on behalf of a client in exchange for a commission he is acting in the role of a broker.

Floor Brokers
There are two main types: Commission brokers, employed by brokerage houses, buy and sell securities on the floor for the general public. Independent floor brokers work for themselves.

Floor Broker
An exchange member who is paid a fee for executing orders for Clearing Members or their customers. A Floor Broker executing orders must be licensed by the CFTC.

Floor brokers. Any individuals on the exchange floor engaged in executing orders for another person. They may also trade for their own accounts, with the primary responsibility of executing the customers' orders first.

Floor Broker
An exchange member permitted to conduct business on the exchange floor.
Flotation
A company's shares offered on the market for the first time.

Floor Broker: A person with exchange trading privileges who, in any pit, ring, post, or other place provided by an exchange for the meeting of persons similarly engaged, ...

Floor Broker
Also called FB, it refers to a person who executes orders for buying or selling commodity futures or options contracts for any other person and on any contract market.
Floor Trader ...

Floor Broker - a broker who takes part in trading on floor.
Forecast - Estimation of future trend of price movement, taking into account historical data of technical analysis and current macro-economic indicators.

Floor Broker: A participant who handles and executes orders on the trading floor of a stock exchange.

Floor Broker - A trader on the exchange floor who executes the orders of public customers or other investors who do not have physical access to the trading area.

Floor broker - A member of the stock exchange who executes orders on the floor of the Exchange to buy or sell any listed securities. (See: Commission broker) ...

Floor Broker (FB) - An individual who executes orders for the purchase or sale of any commodity futures or options contract on any contract market for any other person.

Floor Broker - An exchange member who, as such, is permitted to conduct business on the exchange floor.
Flotation - The occasion on which a company's shares are offered on the market for the first time.

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

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.

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Floor Broker
An individual who executes orders on the trading floor or an exchange for any other person.
Floor Trader ...

Floor Broker
A member of an exchange who is paid to execute orders. ...
Floor Trader ...

FLOOR BROKER - A member who executes orders for the accounts of other members on the trading floor.
FLOOR TRADER - An exchange member who fills orders for his own account by being personally on the floor. Normally called a "local." ...

Floor broker
Member of an exchange who is an employee of a member firm and executes orders, as agent, on the floorexchange for clients.

The clerk and floor broker receive a transaction fee for executing the customer's order.

In commodities futures trading, this is a floor broker, a person who actually executes orders on the trading floor of an exchange; in commission houses, it is account executive or associated person who deals with customers and their orders.

deck A floor broker's (q.v.) stack of customer orders. Degree-Day A unit of measure for the deviation of a day's average temperature from the arbitrary standard of 65 degrees Fahrenheit. The U.S.

Market If Touched: Resting order with the floor broker that becomes a market order to be executed if the trigger price is traded.
Market Maker: A person or firm authorized to create and maintain a market in an instrument.

Floating-rate payerIn an interest rate swap, the counterparty who pays a rate based on a reference rate, usually in exchange for a fixed-rate payment Floor brokerA member who is paid a fee for executing orders for clearing members or their ...

Floor Broker A trader on the exchange floor who executes customer orders. Floor Trader A person on the exchange floor who buys and sells contracts for his or her own account. In this capacity, the person acts as a market maker.

In the specialist model a good floor broker would ask the question of the specialist "What is the market?" and get a picture from the specialist of what size might be available up or down a few ticks or where there might be size available to trade.

Once you put in your order, the brokers discussed above, relay that order to the floor brokers. The floor brokers are responsible for selling and buying stock and they hold a seat on the actual exchange.

(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).

On the New York Stock Exchange, also known as the NYSE or the Big Board, firms give their buy and sell orders to their floor brokers.

Refers to when a floor broker effectively trades opposite his customer in a pair of non-competitive transactions by buying (selling) opposite an accommodating trader to fill a customer order and by selling (buying) for his personal account opposite ...

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.

Unlike the New York Stock Exchange, there aren't floor brokers here. TeenAnalyst Advice: The NADAQ is a completely electronic stock exchange. If you visited the NYSE, you'd see lots of people running around executing trades.

Dual trading occurs when: (1) a floor broker executes customer orders and, on the same day, trades for his own account or an account in which he has an interest; ...

A trade practice in which a floor broker, in executing an order, particularly a large order, ...

As agent, the specialist handles limit orders for floor brokers in exchange for a portion of their commission.

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.

Broker's Deck Orders physically held by the floor broker in the trading pit.
Bull Market A securities market characterized thus on rising prices.
Buy and Hold The acquisition of a tradable for the long term rather than quick turnover.

Not-held (NH) - A discretionary note on an order telling the floor broker that he or she won't be held accountable if the trade is executed outside the requirements of the order. Gives the broker discretion on getting the order filled.

Automated trading platforms are replacing traditional floor brokers. Execution time was brought down from more than nine seconds to lest then a second nowadays.

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.
Broker loan rate ...

Bid
The highest price at which a floor broker, trader or dealer is willing to buy a security or commodity for a specified time.

A declaration that market conditions in the futures pit are so disorderly temporarily to the extent that floor brokers are not held responsible for the execution of orders.
Federal Reserve Board ...

Fast Markets: A declaration that market conditions, in the futures pit, are so disorderly temporarily to the extent that floor brokers are not held responsible for the execution of orders.

by a broker that s/he is not held responsible if an order is not executed, or not executed at the desired price. The order is accepted solely on a "best efforts" basis with no guarantees whatsoever; 2) A qualifier that allows a floor broker to use ...

Therefore, the trading floor, once a prime spot for tourists visiting the Big Apple, is no longer accessible to the general public. Now, to get a peak at the floor, an individual must be the guest of a credentialed "floor broker, ...

contracts, either for speculation or in connection with a risk management strategy, your orders to buy or sell would be communicated by phone from the brokerage office you use and then to the trading pit or ring for execution by a floor broker.

Floor brokers : Any individuals on the exchange floor engaged in executin...
Floor traders : See Floor traders locals.
Floor traders locals : Exchange members who execute their own trades by b...
FOMC : See Federal Open Market Committee.

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 ...

See also: Broker, Floor, Trading, Market, Option