Local

(redirected from On location)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

Local

A futures exchange member who trades securities for his or her own account.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Local

A member on a futures exchange that conducts trades predominantly or exclusively for one's own account. That is, a local is not a broker for other parties.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved