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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

floor trader  

Definition 1.

An exchange member who executes orders on the floor for his/her own account. also called a local.
 

Definition 2.

An exchange member who executes transactions from the floor of the exchange exclusively for their own account.
 

Definition 3.

A stock exchange member who generally trades only for his own account or for an account controlled by him, or who has such a trade made for him. Also referred to as a "local."
 
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