Floor Broker definition

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


More Definitions of Floor Broker

Floor Broker means any Person who has been granted floor trading privileges pursuant to the Rules. Former Member
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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;
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Floor Broker. ’ means ‘‘any person who, in or surrounding any pit, ring, post, or other place
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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.
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Floor Broker. - means a floor broker as that term is used in the Commodity Exchange Act.
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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;
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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.
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