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Commission broker: usually works for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.
Floor broker: trades in the NYSE "pits" on behalf of a brokerage house. They get paid a salary.
Wiki User
∙ 14y ago
Wiki User
∙ 13y agoCommission brokers are employees of a member firm of an Exchange who buy or sell the firms stocks in the trading floor whereas Floor brokers are independent members of an exchange who can buy or sell any listed stocks to any investors.
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Is When you call a broker and arrange to buy stock the broker calls a person on the floor of the exchange probably someone who works for your broker's company?
yes it is true
What role does the floor broker play in making a trade?
blow people blow people
What is off-floor trading?
Off floor trading occurs when a broker gives the directive to an investor to buy or sell his securities. This type of directive is given to benefit the customer.
What degree to take to become a floor broker?
A college degree is not required to become a broker, all that is needed is a license from the FINRA. In order to obtain a license you must take and pass the Series 7 exam, which requires sponsorship from a member firm of the FINRA. A passing grade of 70 or higher is required for you to get your license. Although most small firms do not require a college degree to obtain sponsorship or to work for them, it is definitely preferred. But as long as you show them that you have experience in sales, excellent people skills, and a desire to succeed they will be willing to invest in you as a broker so that you can obtain your license. The question in specifically applies to the title of floor broker, which is considered an experienced position that in the world of stockbrokers. Floor brokers work on the trading floor of the NYSE, and play an important role in the determination of stock prices. This type of position will most likely require years of experience as a broker and a college degree. I recommend you major in finance and possibly even consider earning an MBA. The floor broker position is most likely in high demand, with lots of applicants who have advanced degrees and tons of experience. The median annual income is around $80K, which pretty much tells you that it is a position that requires some experience at the least. Study hard and do some internships at investment banks and you should have no problem.
How much do floor traders on the NYSE make?
The floor traders on the NYSE make round about $50k and more but it depends what type of floor trading you are doing.
Is there any difference between floor area and gross floor area?
floor is different...
What is the difference between first floor from ground floor?
Actually, there is not much difference, but a ground floor is usually the very bottom one and the first floor is usually the one above
Is When you call a broker and arrange to buy stock the broker calls a person on the floor of the exchange probably someone who works for your broker's company?
yes it is true
What is the difference between soft floor and hard floor?
a soft floor usually has carpet and a hard floor has wood or other things that are hard.
What is the difference of a gully trap drain from a floor drain?
The difference between a gully trap drain and a floor drain is placement. A floor drain is in a floor, a gully trap drain goes on an external wall.
What is difference between trolley jack and floor jack?
There is none. They are synonymous.
What is The process of the floor broker purchasing your six shares of Mattel is a?
transaction
What is the height difference between average land surface and sea floor?
4600 m
What role does the floor broker play in making a trade?
blow people blow people
What is the difference between an American and an English basement?
Don't know that there is a difference. Both refer to the rooms or floor that is at least partially under ground.
What is the Difference between built up area and floor area?
Built up area is the area which has been developed.and floor area is the area which is about to built or about to develope.
What is the difference between a wall tile and a floor tile?
wall tiles are used on walls. floor tiles are used on floors. if you want to interchange. you can make the wall tile as floor tile and vice-versa
