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floor broker

   Also found in: Wikipedia 0.09 sec.
Floor broker
Member of an exchange who is an employee of a member firm and executes orders, as agent, on the floorexchange for clients.

floor broker
A member of a securities exchange who executes orders on the exchange floor. For example, commission brokers and two-dollar brokers are floor brokers.


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We're trying to be the repository of information about the old Pacific Exchange," said Harvey Cloyd, a Wedbush vice president who spent 15 years as an institutional floor broker at the exchange.
After college, he went to work for the venerable Wall Street firm Morgan Stanley, first as a runner and ending up as a floor broker.
Smith began his Wall Street career as an independent floor broker at the New York Stock Exchange.
 
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