Floor Broker

What is Floor Broker?

Floor Broker meaning A person with exchange trading privileges who, in any pit, ring, post, or other place provided by an exchange for the meeting of persons similarly engaged, executes for another person any orders for the purchase or sale of any commodity for future delivery. See 7 USC 1a(22).

 

reference: U.S. COMMODITY FUTURES TRADING COMMISSION – CFTC Glossary