Floor Broker definition

Floor Broker means an individual who is registered under the Act as a dealer in the floor broker registration category;

Floor Broker means any person who, in or surrounding any pit, ring, post, or other place or electronic platform provided by LCFE for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for spots or future delivery on, or subject to the rules of LCFE and shall include any person required to register as a floor broker under the ISA.

Floor Broker means "any person who, in or surrounding any pit, ring, post, or other place provided by a contract market for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for future delivery on or subject to the rules of any contract market." Section 1a(8) of the Act.

Examples of Floor Broker in a sentence

• Client authorizes Typhon to execute orders on behalf of the Managed Account on a give-up basis and issues Typhon the authority to designate the FCM or Floor Broker who will act as Executing Broker for trades entered on behalf of the Managed Account.

• NYSE approval of User’s order management system is limited to affirming that system’s adherence to these requirements, and the usage of an approved order management system does not, in and of itself, demonstrate that a Floor Broker is necessarily in compliance with NYSE rules.

• Client authorizes Xxxxxx to execute orders on behalf of the Managed Account on a give-up basis and issues Typhon the authority to designate the FCM or Floor Broker who will act as Executing Broker for trades entered on behalf of the Managed Account.

• The Exchange proposes to introduce rebates for Floor Broker organizations that execute a certain number of FAANG contract sides on the Exchange in a calendar month, based on the highest Tier achieved (the ‘‘Rebate’’).

• Under the procedures, bids and offers (whether opening or closing a position) at a price of $1 per option contract may be represented in the trading crowd by a Floor Broker or by a Market-Maker or provided in response to a request by a PAR Official/OBO, a Floor Broker or a Market-Maker, but must yield priority to all resting orders in the PAR Official/ OBO cabinet book (which resting cabinet book orders may be closing only).

More Definitions of Floor Broker

Floor Broker means a natural person associated with a Member Organization who has been approved by NYSE and designated by a Member Organization to effect transactions on the Trading Floor.

Floor Broker means any Person who has been granted floor trading privileges pursuant to the Rules. Former Member

Floor Broker. ’ means ‘‘any person who, in or surrounding any pit, ring, post, or other place

Floor Broker means an individual who is employed by, or acts for, a futures broker for the purpose of entering into contracts on the floor of a Futures Exchange on behalf of the futures broker;

Floor Broker means any Member, who has been granted floor trading privileges pursuant to the By-Laws and Rules and who, pursuant to said By-Laws and Rules, buys and sells any commodity futures or options contract on the COMEX Division, for any person other than himself.

Floor Broker means any person who, in or surround- ing any pit, ring, post, or other place provided by a con- tract market for the meeting of persons similarly en- gaged, shall purchase or sell for any other person any commodity for future delivery on, or subject to the rules of any contract market and shall include any person re- quired to register as a floor broker under the Act;

Floor Broker. - means a floor broker as that term is used in the Commodity Exchange Act.