( 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. Chicago Board of Trade glossary
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A person who executes orders on the trading floor of an exchange on behalf of other people. They are also known as pit brokers because the trading area has steps down into a " pit" where the brokers stand to execute their trades. The CENTER ONLINE Futures Glossary
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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. Bloomberg Financial Dictionary
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An individual who is registered with the CFTC to execute orders on the floor of an exchange for the account of another. He /she receives a fee for doing so by clearing members or their customers. Chicago Mercantile Exchange Glossary
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The person responsible for accepting orders on an exchange floor and handing them on to a specialist or trader for execution.
► See also Exchange.
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floor broker UK US noun [C] STOCK MARKET
► someone whose job is to trade shares, bonds, etc. for clients at an exchange rather than on the phone or a computer: »
Handheld wireless devices allow floor brokers to receive orders and send reports while remaining on site.
Financial and business terms. 2012.