Floor trader

A stock exchange member who generally trades only for his own account or for an account controlled by him, or who has such a trade made for him. Also referred to as a "local."

floor trader (FT)

Financial services; Commodity exchange

An individual who executes trades for the purchase or sale of any commodity futures or options contract on any contract market for such individual's own account.

trader

Financial services; Commodity exchange

(1) A merchant involved in cash commodities; (2) a professional speculator who trades for his own account.

trader

Language; Dictionaries

One engaged in trade or commerce; one who makes a business of buying and selling or of barter; a merchant; a trafficker; as, a trader to the East Indies; a country trader.

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 ...