A broker on the exchange floor who executes the orders of public customers or other investors who do not have physical access to the trading area. It is a trader on an exchange floor who executes trading orders for other people.
See Also:
Broke: A person acting as an agent for making securities transactions. An 'Account Executive' or a 'broker' at a brokerage firm deals directly with customers. A 'Floor Broker' on the trading floor of an exchange actually executes someone else's trading orders.
Broker: An individual or firm which charges a commission for executing buy and sell orders.
