Floor broker
(Redirected from Floor brokers)
Jump to navigation
Jump to search
A floor broker (also called a pit broker) is a member of an exchange who as an individual purchases or sells commodity futures, options or listed securities on a contract market or securities exchange for any other person from the trading floor (or the pits) of an exchange.[1]
Futures[edit]
A floor broker for U.S. futures trading must register with the National Futures Association. However, in U.S. futures a registered floor broker need not also register as a floor trader in order to engage in activity as a floor trader.
Floor brokers receive orders by paper order, by hand signals, over a computer or by phone.
Securities[edit]
References[edit]
- ↑ www.nfa.futures.org. National Futures Association, FB Registration.