| a member of a stock or commodity exchange who executes orders on the floor of the exchange for other brokers. |
Floor Broker - FB
An employee of a member firm who executes trades on the exchange floor on behalf of the firm's clients.
Investopedia Commentary
Basically floor brokers receive orders from their firms, which have been placed by the firms' clients, and executes these orders at the best possible price. Floor brokers should not be confused with floor traders who execute orders for their own accounts.
Related Links
Brokers and Online Trading
Understanding Order Execution
See also: Broker, Discount Broker, Exchange, Floor Trader, Member Firm, Trade
floor broker
