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Glossary Term: FLOOR BROKER

Definition(s) for FLOOR BROKER:


1. ) Member of a securities exchange who is an employee of a member company and executes orders, as agent, on the exchange floor for clients. For example, commission brokers and two-dollar borkers are floor brokers.

2. ) A broker on the exchange floor who executes the orders of public customers or other investors who do not have physical access to the trading area.

3. ) A trader on an exchange floor who executes trading orders for other people.



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