FLOOR BROKER

Floor broker is an important part of online stock trades. He is an employee of the firm which is a member of online stock trades market. Responsibility of a broker is to execute the order of the firm in the online stock trades market, to whom he is associated. A floor trader is basically a representative of its firm on the online stock trades exchange’s floor. Floor broker get the order from his associated firm through teletype, an electronic machine, an place it in the market on the right time and execute it at the right post on the floor of online stock trades’ exchange. At the online stock trades floor, he join some more brokers and meet the specialist of selling and buying stock, and try his level best to make the execution on the most appropriate available pricing value in online stock trades market. When the transaction gets completed in online stock trades market than this broker will inform back to his associated firm, which is already registered in online stock trades and then the trade is placed at ticker tape through which it becomes electronically available all over the country and some times all over the world. The purpose is to make the access easy to the online stock trades and its reputation.Mostly people get confused between floor traders and floor brokers of online stock trades. Floor trader does all the trading for his own account while floor broker only represent his client. He does his trading for his client to whom he is employed and the firm has authorized him for working in online stock trades at their behalf. Doing successful trading is not an easy job that is performed by the floor brokers and no doubt they are expert in doing so. That’s why these floor brokers charged high amount as their salary from their firm.