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Over 700 finance terms, Shmooped to perfection.
This is not someone who sells tile at $5.30 and buys linoleum at $1.72. Rather, a floor trader is someone who general lives on the floor of the NYSE (there are other exchanges but the New York holds the most floor traders) and places buy and sell orders on behalf of clients of the trader's organization. A "two-dollar" broker is an independent floor trader.