The Floor Broker
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A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account.
The floor broker. Floor brokers at a securities or commodities exchange handle client orders to buy or sell through a process known as a double action auction in which brokers bid against each other to secure the best price. Floor broker was founded in 2016 and our headquarters is in michigan usa. We know all the tricks of the trade and here to s. Based on interactions with specialists in the specific securities being traded and bidding with other brokers or traders on the floor of the exchange the floor broker attempts to get the most competitive market rates available for his or her client.
They had a large selection of laminate and wood floor of course lincensed and bonded the owner victor spent a lot of time to explain the differences features and pros cons. Though we are considered a newer company our founder our staff have been in the flooring business for over 20 years gathering insight and expertise from previous companies and positions. A floor broker is an independent member of an exchange who can act as a broker for other members who become overloaded with orders as an agent on the floor of the exchange. 1 review of the floor broker i found this company from craigslist and contacted them and visited their showroom in concord.
The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. Brokers work on behalf of clients while market makers mostly. The term should not be confused with floor broker floor traders are occasionally referred to as registered competitive traders individual. Floor traders are in the pit with market makers and brokers but they play different roles.
Floor traders market makers and brokers. The best floor at the best price is the motto we stand by here at floor broker. We have carpet carpet tile hardwood engineered wood laminate luxury vinyl and indoor outdoor tile readily available for your next project. A floor broker receives an order from a client through his or her brokerage firm and trades the security with other brokers on the exchange floor.
Don t make the mistake of buying retail get a free quote from us today. 3 reviews of the floor broker best kept secret in flooring thanks floorbroker and craigslist i wanted new carpet and hardwood laminate for my home so i went and pursued a few quotes from other businesses empire costco the floor store etc and they were a higher than what i expected so i found an ad on craigslist for a licensed contractor who promised the best rates. The floor broker receives an order via teletype machine from his firm s trading department and then proceeds to the appropriate trading post on the exchange floor.
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