Hall traders (locals)

Market participants admitted and supervised by the exchange in the USA who buy and sell contracts exclusively for their own account. To the extent that floor traders receive orders from third parties, they are, as a rule, strictly obligated under the Exchange Rules to settle them within the framework of client remittance (member of a futures exchange who trades for his own account. The traders in a futures pit are composed of locals and employees of various brokerage firms. Locals initiate their own transactions on the floor of the exchange. Some, termed dual traders, also perform orders on behalf of customers). – On the London Stock Exchange, the floor trader is also called a stock jobber. – See arbitrage, exchange traders, individual, exchange members, commercials, day trading, stack of cards, backdrop, speculation.

Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/