Broker-Dealer

Finance allah shmoop What is ah floor broker versus a

floor trader All right Well here's a floor fixer and

here's a floor broker but okay Shocking a floor broker

Brokers stocks on the floor of a stock exchange Right

Well here's the new york stock exchange here's its floor

These guys down here they're floor brokers That is they're

trading stocks and other securities on behalf of their clients

Basically this is the scene from trading places with eddie

murphy Great old film Old rich white guys in a

building up here Call down to their guys on the

floor who execute their bidding All right well it's a

bunch of brokers all trading their clients stocks right here

and here And here and here and here all over

the world within among each other So that money is

well pushed around thoroughly like that Cato's in grandma's hash

browns recipe Note that a floor broker is different from

a floor trader Who although he or she works on

the floor of an exchange also makes trades as a

principal for his or her own account So yeah that's

floor broker No jackhammer required Thank you very much Go