Floor broker

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.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Financial services
Category: Commodity exchange
Company:
Product:
Acronym-Abbreviation:

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Related terms

floor broker

Financial services; Commodity exchange

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 ...

floor broker

Professional careers; Occupational titles

A professional who buys and sells securities on floor of securities exchange. Responsibilities include: * Analyzes market conditions and trends to determine best time to execute ...

floor broker

Financial services; General Finance

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 broker (FB)

Financial services; Commodity exchange

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.

broker

Retail; Supermarkets

An independent agent or representative of various noncompetitive products in a retail market who represents a manufacturer and presents products, sales and special deals to a ...

broker

Banking; Investment banking

Short form of stockbroker.

margin

Financial services; Commodity exchange

Financial safeguards to ensure that clearing members (usually companies or corporations) perform on their customers' open futures and options contracts. Clearing margins are ...

back pricing

Financial services; Commodity exchange

Fixing the price of a commodity for which the commitment to purchase has been made in advance. The buyer can fix the price relative to any monthly or periodic delivery using the ...

cost of carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carry

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

carrying charge

Financial services; Commodity exchange

For physical commodities such as grains and metals, the cost of storage space, insurance, and finance charges incurred by holding a physical commodity. In interest rate futures ...

foreign exchange

Financial services; Commodity exchange

Foreign Currency. On the foreign exchange market, foreign currency is bought and sold for immediate or future delivery.

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