Examples of Floor Broker in a sentence
Customer authorizes Straits to purchase and sell Commodity Interests for Customer’s account in accordance with Customer’s oral, written or electronic instructions as given to Straits by Customer’s Introducing Broker (“IB”) or Associated Person (“AP”) or Floor Broker.
This is defined as a guarantee by a specialist that an order placed by a Floor Broker will be executed at the best bid or offer price then in the Specialist's book unless it can be executed at a better price within a specified period of time.
A Floor Broker may authorize one (1) or more of his Clerks to enter orders for electronic execution from the Trading Floor by registering each Clerk with the Exchange and receiving from the Exchange a log-in identification for each Clerk.
A Clerk may be a Registered Operator for only one (1) Floor Broker at any time.
After reviewing the application, the Exchange shall either approve or disapprove the applicant’s registration as a Floor Broker.