"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.
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Finance: What is a Floor Broker v. Floor...13 Views
Finance allah shmoop What is ah floor broker versus a
floor trader All right Well here's a floor fixer and
here's a floor broker but okay Shocking a floor broker
Brokers stocks on the floor of a stock exchange Right
Well here's the new york stock exchange here's its floor
These guys down here they're floor brokers That is they're
trading stocks and other securities on behalf of their clients
Basically this is the scene from trading places with eddie
murphy Great old film Old rich white guys in a
building up here Call down to their guys on the
floor who execute their bidding All right well it's a
bunch of brokers all trading their clients stocks right here
and here And here and here and here all over
the world within among each other So that money is
well pushed around thoroughly like that Cato's in grandma's hash
browns recipe Note that a floor broker is different from
a floor trader Who although he or she works on
the floor of an exchange also makes trades as a
principal for his or her own account So yeah that's
floor broker No jackhammer required Thank you very much Go