Floor Broker definition

Floor Broker means an individual who is registered under the Act as a dealer in the floor broker registration category;
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Floor Broker means "any person who, in or surrounding any pit, ring, post, or other place provided by a contract market for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for future delivery on or subject to the rules of any contract market." Section 1a(8) of the Act.
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Floor Broker means a natural person associated with a Member Organization who has been approved by NYSE and designated by a Member Organization to effect transactions on the Trading Floor.
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Examples of Floor Broker in a sentence

  • Customer authorizes Straits to purchase and sell Commodity Interests for Customer’s account in accordance with Customer’s oral, written or electronic instructions as given to Straits by Customer’s Introducing Broker (“IB”) or Associated Person (“AP”) or Floor Broker.

  • A Letter of Guarantee shall be in a form prescribed by the Exchange and shall provide that the issuing Clearing Trading Permit Holder accepts financial responsibility for all Exchange transactions made by the guaranteed Floor Broker.

  • A Floor Broker is an individual (either a Trading Permit Holder or a nominee of a TPH organization) who is registered with the Exchange for the purpose, while on the Exchange floor, of accepting and executing orders received from Trading Permit Holders or from registered broker-dealers.

  • A person who is approved to act as an independent Market-Maker and/or an independent Floor Broker pursuant to this paragraph (d) shall be personally responsible for all obligations arising out of those activities, and the TPH organization for which the person is approved by the Exchange to perform trading functions shall guarantee these obligations.

  • All gases, odours, fumes, steam, moisture and particulate matter generated by the use of any premises must be collected into approved stacksfor discharge to the atmosphere.


More Definitions of Floor Broker

Floor Broker. ’ means ‘‘any person who, in or surrounding any pit, ring, post, or other place
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Floor Broker means any person who, in or surrounding any pit, ring, post, or other place or electronic platform provided by LCFE for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for spots or future delivery on, or subject to the rules of LCFE and shall include any person required to register as a floor broker under the ISA.
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Floor Broker means any Person who has been granted floor trading privileges pursuant to the Rules.
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Floor Broker means an individual who is employed by, or acts for, a futures broker for the purpose of entering into contracts on the floor of a Futures Exchange on behalf of the futures broker;
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Floor Broker means any Member, who has been granted floor trading privileges pursuant to the By-Laws and Rules and who, pursuant to said By-Laws and Rules, buys and sells any commodity futures or options contract on the COMEX Division, for any person other than himself.
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Floor Broker means any person who, in or surround- ing any pit, ring, post, or other place provided by a con- tract market for the meeting of persons similarly en- gaged, shall purchase or sell for any other person any commodity for future delivery on, or subject to the rules of any contract market and shall include any person re- quired to register as a floor broker under the Act;
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Floor Broker. - means a floor broker as that term is used in the Commodity Exchange Act.
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