A floor broker also known as a "Pit broker" is an independent member of an exchange who can act as a broker on the trading floor. They would act on behalf of floor traders or large clients such as financial firms, as an agent on the floor of the exchange.
A floor broker also known as a "Pit broker" is an independent member of an exchange who can act as a broker on the trading floor. They would act on behalf of floor traders or large clients such as financial firms, as an agent on the floor of the exchange.
Source: Wikipedia "Floor broker" · CC BY-SA 4.0
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