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Floor broker

• Is a member of an exchange who executes orders for others. This compares to a Floor Trader.

• A member who is paid a fee for executing orders for clearing members or their customers. A floor broker executing customer orders must be licensed by the CFTC.

 
 Embedded terms in definition
 Broker
Cftc
Clearing member
Clearing
Exchange
Floor trader
Floor
Member
 
 Related Terms
 Blind broker
Broker
Broker dealer
Broker loan rate
Carrying broker
Commission broker
Discount broker
Equity floor
Floor
Floor planning
Floor rate
Floor trader
Interest rate floor

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