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).