Business / Taxes / Floor Broker: Floor brokers at a securities or commodities exchange handle client orders to buy or sell through a process known as a double action auction, in which brokers bid against each other to secure the best price. The orders these brokers execute are sent to the floor of the exchange from the trading department or order room of the brokerage firms they work for. When a transaction is completed, the floor broker relays that information back to the firm, and the client is notified.
Broker Noun Synonyms: stockbroker, agent, dealer, middleman, intermediary, go-between, stockjobber
Floor Verb Synonyms: flooring, parquet, boarding, planking, colloq deck
Floor Noun Synonyms: knock over or down, bowl over, prostrate, fell, overthrow, bring down, (make) fall, beat, defeat, conquer, destroy, rout, overwhelm, crush, whip, trounce, thrash, drub, best, worst
Business / Finance / Broker: An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and the MORE
Business / Finance / Floor Trader: Summary of a stock or commodities exchange order ticket by the registered representative on receipt of a buy or sell order from a client; gives the floor broker the information needed to execute a sec MORE