A person on the floor of an exchange who tradessecurities on behalf of a brokerage or investor. He/she may only make trades as directed by the client, or may have some leeway in the trades he/she makes. For his/her services, this person is paid a commission, which is a percentage of value of each transaction the broker makes. In order to guard against abuse, commission brokers working with discretionary accounts are required to follow suitability rules, which mandate that the broker only make trades in good faith, that is, only makes trades a "reasonable person" would make.
An employee of a member firm of an organized securities exchange who transacts orders for the firm or its customers on the exchange floor. Orders flow to the commission broker from the firm's trading desk or from its registered representatives.
San Jose, CA, April 11, 2014 --(PR.com)-- Alliance Bay Realty, a leading residential real estate brokerage firm, today announced that in just over two years it has grown to become one of the largest 100% commission brokers in Northern California.
After extensive talks at the Ecofin Council, on 4 October, the European Commission brokered a compromise that allayed fears in London - where most OTC contracts are based - that the market would be wiped out under the new rules.
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