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floor trader

   Also found in: Wikipedia 0.03 sec.
Floor trader
A stock exchange member who generally trades only for his own account or for an account controlled by him, or who has such a trade made for him. Also referred to as a "local."

floor trader
An independent trader on a securities exchange who trades primarily for his or her own account. Floor traders generally attempt to profit from short-term price swings. They tend to add liquidity to the market and are required to make at least 75% of their trades against the last price change in the security traded. Thus, the majority of a floor trader's purchases must occur when the last price change in the security is a downtick. Also called competitive trader, registered competitive trader, registered trader.


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Former floor traders like Sanches, together with current brokers and representatives of listed companies like mining giant Companhia Vale do Rio Doce, stand by to answer questions.
We producers surprised the speculator, floor trader and fundamental analyst by our ability to be reluctant sellers.
The power has shifted to options over the last couple of years," said Briant Patterson, a floor trader with Seidler Cos.
 
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