Floor Broker Law and Legal Definition
The term "floor broker" means “any person who, in or surrounding any pit, ring, post, or other place provided by a contract market or derivatives transaction execution facility for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for future delivery on or subject to the rules of any contract market or derivatives transaction execution facility.” (7 USCS § 1a)
Legal Definition list
Related Legal Terms
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Alluvial Valley Floors
- Area Management Broker [AMB]
- Associated Person of a Broker or Dealer
- Automated Broker Interface
- Broker (Health Care)
- Broker for Sale
- Broker or Dealer
- Broker's Lien
- Broker’s Price Opinion
