floor official

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.

floor official

An exchange member or employee who mediates disputes among members on the floor of the exchange. For example, two floor brokers may disagree as to which one of them has priority on an order. The floor official would then umpire the dispute.
References in periodicals archive ?
Jacobson served the NYSE in various capacities, including as a Floor Official, Governor, a Member of the Board of Directors, Vice Chair of the Board, Senior Floor Official, and Executive Floor Official.
He has served in various functions on the NYSE trading floor from 1996 through 2008 as a Specialist, Floor Official and Floor Governor and Director of the NYSE Floor.
He began his career there as a floor official at the European Options Exchange in Amsterdam and earned his Master of Business Administration (MBA) degree in 1993, after which he moved into management roles.
He has had a distinguished career on the floor of the NYSE, served as a NYSE Floor Official from 1991 to 1997 and as a NYSE Governor from 1997 tot 2003 and is currently on the Board of Executives of the NYSE.
He was a floor member and floor official at several U.
Any individual working on the trading floor who believes that he or she has been the victim of unlawful discrimination or harassment should contact either (1) a Floor Official, (2) a senior member of the PSE Floor Staff, or (3) a Compliance Attorney.
He has been a member of the Exchange since 1962, has served as a Floor Official and Floor Governor of the NYSE, and has been President of the Alliance of Floor Brokers for over ten years.
From 1991 until 1992, he was senior floor official, and previously served as floor governor and floor official from 1979 to 1985.
He had served as an Exchange Official and Floor Official from 1977 until his election to the board in 1987.
Present AMEX rules, with certain exceptions, prohibit a specialist from disclosing to any person other than a floor official or other Exchange officials any information from the specialist book other than the current market quote and the number of shares (size) bid and offered at the quoted prices.
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.