Floor trader

A member who generally trades only for his own account, for an account controlled by him or who has such a trade made for him. Also referred to as a " local". The New York Times Financial Glossary

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floor trader UK US noun [C] STOCK MARKET
someone who is a member of an exchange and has the right to trade their own shares, etc.: »

Floor traders sometimes keep their big orders hidden, fearing that knowledge of these orders may influence the market.

Compare FLOOR BROKER(Cf. ↑floor broker), FLOOR DEALER(Cf. ↑floor dealer)

Financial and business terms. 2012.

Look at other dictionaries:

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  • Floor trader — A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of… …   Wikipedia

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  • Floor Trader - FT — An exchange member who executes transactions from the floor of the exchange exclusively for his or her own account. You ve probably seen floor traders on TV and in the movies. These are the guys in the pit waving their arms frantically to make… …   Investment dictionary

  • floor trader — / flɔ: ˌtreɪdə/ noun an independent trader on a Stock Exchange, who buys and sells on his or her own account …   Dictionary of banking and finance

  • floor trader — A member of a stock exchange, commodity market, Lloyd s, etc. , who is permitted to enter the dealing room of these institutions and deal with other traders, brokers, underwriters, etc. Each institution has its own rules of exclusivity, but in… …   Big dictionary of business and management

  • floor trader — Member of stock or commodity exchange who trades on floor for his own account …   Black's law dictionary

  • floor dealer — ➔ dealer * * * floor dealer UK US noun [C] STOCK MARKET ► someone whose job is to trade shares, etc. for the firm that they represent or for clients at an exchange rather than on the phone or a computer → Compare FLOOR BROKER(Cf. ↑ …   Financial and business terms

  • trader — Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ ask spread. Traders can also take… …   Financial and business terms

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