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floor official

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Financial Dictionary

floor official

An exchange member or employee who mediates disputes among members on the floor of the exchange. For example, two floor brokers may disagree as to which one of them has priority on an order. The floor official would then umpire the dispute.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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