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board broker

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Board Broker
A member or member nominee of a commodity exchange who is entrusted with the responsibility of executing and matching orders, providing price quotations, and maintaining orderliness of trading accounts for the designated commodity.

Notes:
The functions of a commodity exchange board broker are similar to those of the specialists or market makers on stock exchanges. Their main purposes are to create a market for the commodities to which they are assigned and to facilitate smooth and orderly operations throughout the trading day.


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

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.

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