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Finance: What is a Floor Broker v. Floor Trader 13 Views
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Description:
What is a Floor Broker vs. Floor Trader? Both floor brokers and floor traders execute trades on the exchange floor, the difference is who they execute these trades for. Brokers execute trades for their clients’ accounts while traders execute trades for their own personal accounts.
- Social Studies / Finance
- Finance / Financial Responsibility
- College and Career / Personal Finance
- Life Skills / Personal Finance
- Finance / Finance Definitions
- Life Skills / Finance Definitions
- Finance / Personal Finance
- Courses / Finance Concepts
- Subjects / Finance and Economics
- Finance and Economics / Terms and Concepts
- Terms and Concepts / Banking
- Terms and Concepts / Bonds
- Terms and Concepts / Careers
- Terms and Concepts / Ethics/Morals
- Terms and Concepts / Index Funds
- Terms and Concepts / IPO
- Terms and Concepts / Managed Funds
- Terms and Concepts / Mutual Funds
- Terms and Concepts / Regulations
- Terms and Concepts / Stocks
- Terms and Concepts / Trading
- Terms and Concepts / Wealth
Transcript
- 00:00
Finance allah shmoop What is ah floor broker versus a
- 00:06
floor trader All right Well here's a floor fixer and
- 00:11
here's a floor broker but okay Shocking a floor broker
- 00:16
Brokers stocks on the floor of a stock exchange Right
- 00:22
Well here's the new york stock exchange here's its floor
Full Transcript
- 00:25
These guys down here they're floor brokers That is they're
- 00:28
trading stocks and other securities on behalf of their clients
- 00:32
Basically this is the scene from trading places with eddie
- 00:36
murphy Great old film Old rich white guys in a
- 00:39
building up here Call down to their guys on the
- 00:41
floor who execute their bidding All right well it's a
- 00:44
bunch of brokers all trading their clients stocks right here
- 00:47
and here And here and here and here all over
- 00:49
the world within among each other So that money is
- 00:52
well pushed around thoroughly like that Cato's in grandma's hash
- 00:55
browns recipe Note that a floor broker is different from
- 00:58
a floor trader Who although he or she works on
- 01:02
the floor of an exchange also makes trades as a
- 01:05
principal for his or her own account So yeah that's
- 01:08
floor broker No jackhammer required Thank you very much Go
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