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Floor Official |
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Floor official An employee of a stock exchange who settles disputes related to the auction process on the floor of the stock exchange. Floor Official An employee of an exchange that judges between disputes on the trading floor. For example, if two traders disagree on the terms of a trade to which they previously agreed, they may call upon a floor official to settle the dispute. It is important to note that floor officials do not decide points of trading law; they merely arbitrate disputes.
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5 /PRNewswire/ -- Traders, floor officials and employees at the American Stock Exchange(R) (Amex(R)) today observed a moment of silence in recognition of the immense loss and devastation caused by a tsunami that struck parts of Thailand, India, Indonesia and elsewhere on December 26, 2004. According to Jason Lehman of Citadel Derivatives, the company initiated these arbitrations to recover losses from a January 12, 2005 incident in which, hours after the fact, AMEX floor officials cancelled all option trades that occurred in Taser International (TASR) between 9:30 and 9:45 a. He has been active on several exchange committees, including the Financial Planning, Floor Officials, Facilities, SPX Floor Procedures, Membership and Nominating Committees. |
Floor Officials |
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