Business / Taxes / Competitive Trader: Competitive traders, also known as registered competitive traders or floor traders, buy and sell stocks for their own accounts on the floor of an exchange. Traders must follow very specific rules governing when they can buy and sell. But since they trade in large volumes and do not pay commissions on their transactions, they can profit from small differences between the prices at which they buy and sell.
Trader Noun Synonyms: dealer, merchant, businessman, broker, merchandiser, distributor, seller, salesman, saleswoman, salesperson, vendor, buyer, purchaser, retailer, wholesaler
Business / Agriculture / Omnibus Trade And Competitiveness Act Of 1988: P.L. 100-418 (August 23, 1988) provided the President with negotiating authority for the General Agreement on Tariffs and Trade (GATT) Uruguay Round, U.S.-Canada Free Trade Agreement, and the North Am MORE
Business / Finance / Perfectly Competitive Financial Markets: Markets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by certain conditions: (1) Trading is costless, and access to the financial MORE