Business / Taxes / Trader: Traders who are dealers or market makers select the securities in which they will specialize and provide quotes on those securities in the marketplace. They commit their firm’s capital by taking positions in those securities and are ready to buy and sell at the prices they quote. Traders known as competitive or floor traders buy and sell securities for their own accounts. They don't pay commissions, so they can profit on small differences in price, but they must abide by the rules established by the exchange or market on which they trade. The term trader also describes people who execute transactions at brokerage firms, asset management firms, and mutual fund companies.
Trader Noun Synonyms: dealer, merchant, businessman, broker, merchandiser, distributor, seller, salesman, saleswoman, salesperson, vendor, buyer, purchaser, retailer, wholesaler
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 gove MORE
Business / Finance / Position Trader: A commodities trader who takes a long-term approach in maintaining positions in the market and does not close out of these positions until close to the delivery date. MORE