Floor Trader

Floor Trader - FT

An exchange member who executes transactions from the floor of the exchange exclusively for their own account.

Investopedia Commentary

You've probably seen floor traders on TV and in the movies. These are the guys in the pit waving their arms frantically to make trades.

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See also: Day Trader, Flipper, Floor Broker, Scalpers, Trade

floor trader

An independent trader on a securities exchange who trades primarily for his or her own account. Floor traders generally attempt to profit from short-term price swings. They tend to add liquidity to the market and are required to make at least 75% of their trades against the last price change in the security traded. Thus, the majority of a floor trader's purchases must occur when the last price change in the security is a downtick. Also called competitive trader, registered competitive trader, registered trader.