Board broker

Employee of the Chicago Board Options Exchange who manages away from the market orders, which cannot be executed immediately.

Board Broker

1. A member or candidate for a membership on a commodity exchange who is asked to help ensure the smooth flow of trades. Specifically, the board broker matches and executes orders, provides quotes, and sees that all trading accounts are accurate and up-to-date. Generally speaking, a board broker is assigned a single commodity for which to provide this service. See also: Specialist, Market Maker.

2. An employee of the Chicago Board Options Exchange who maintains orders that are unable to be executed immediately because the prices requested are far away from current market prices. See also: Away from the market.

board broker

An employee of the Chicago Board Options Exchange who handles option orders that cannot be immediately executed because of price limits away from the current market price.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

Mentioned in

References in periodicals archive

OSLO, NORWAY -- Printed circuit board broker Elmatica is pushing a new language for PCB fabrication data.

Broker encourages development of new PCB fabrication data language

In 2012 it acquired PD Circuits, another US-based board broker.

Brokered deal: NCAB acquires M-Wave

Circuits, a major US-based bare board broker that was being acquired by NCAB Group of Sweden.

Switching channels

All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.