Floor Broker (FB)

"Take the fine linoleum." "No, no, the tile is much better for your place." "You'll love hard wood and the floor as well."

Ok, a floor broker...brokers stocks on the floor of an exchange. Like the NYSE. They’re floor brokers. That is, they are trading stocks and other securities on behalf of their clients.

Basically, this is the scene from Trading Places. Remember the old rich white guys in their booth? They phone down to their peeps on the floor, who execute their bidding...like relatives of Dr. No in a Bond film.

Only this is about stocks. But bonds are also traded on floors. Permabond. Great sealant. And yes, yes, corporate bonds as well.

On the floor (J Lo song), a bunch of brokers trade their clients’ stocks all over the world...with and among each other. So that money is pushed around thoroughly, like potatoes in Grandma’s hash brown recipe.

Note that a floor broker is different than a floor trader, who, although he or she also works on the floor of the exchange, makes trades as a principal for his or her own account.

So yeah...that’s a floor broker. No jackhammer install required.