exchange members who trade on the floor, typically for themselves or as a member of a financial institution
An individual who is a member of an exchange and trades for his own account on the floor of the exchange.
An exchange member or "local" who executes transactions from the floor of the exchange only for his own account.
An exchange member on the trading floor who buys and sells for his or her own account.
a person who makes trades in the central trading room of a stock exchange
A member of an exchange who enters transactions for his or her own account from the floor of the exchange; synonymous with local.
(Local) - A member of an exchange that mainly trades their own account or an account that they have under their direct control. Sometimes called a "local".
Member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. The term should not be confused with Floor Broker.
Also known as a "local". Exchange member who only trades for his own account.
Is a member of an exchange who trades for his or her own personal account. This compares to a Floor Broker.
An individual who executes trades for the purchase or sale of any commodity futures or options contract on any contract market for such individual's own account.
An exchange member who executes trades in the open outcry pits for his own account. Also referred to as a “local.
An exchange member who generally trades only for his/her own account or for an account controlled by him/her. Also referred to as a "local."
Exchange members present on the exchange floor to make trades on their own behalf. They may be referred to as scalpers or locals.
Professionals on the trading floor of an exchange
An exchange member who executes orders from the floor of the exchange only for his/her own account.
An exchange member who executes his own trades by being personally present in the pit for futures trading. See Local.
A member who generally trades only for his own account, for an account controlled by him or who has such a trade made for him. Also referred to as a ``local''.
An exchange member, sometimes called a "local," who executes trades for his or her own account in the futures pit or ring. Floor traders must be registered with the National Futures Association.
A member of an exchange who trades on the floor of the exchange for his own account. In contrast, the floor broker is buying and selling for the accounts of customers and is acting as agent. See: Agency; Floor; Floor Broker
Members of an exchange who are personally present, on the trading floors of exchanges, to make trades for themselves. Also referred to as Locals.
An individual who is registered with the CFTC to execute trades on the floor of an exchange for his own account (or for an account he controls). Also referred to as a local.
Form T full trading authorization
Unlike floor brokers who fill client orders, floor traders buy and sell stocks or commodities for their own accounts on the floor of an exchange. Floor traders don't pay commissions, which means they can make a profit on even small changes in price. But they must still abide by trading rules established by the exchange. One of those rules is that client orders take precedence over floor traders' orders.
An exchange member who usually executes his or her own trades by being personally present in the pit. Sometimes called a "local."
An exchange member who executes transactions from the floor of the exchange exclusively for their own account.
A person with exchange trading privileges who executes his own trades by being personally present in the pit or ring for futures trading. See Local.