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What is a floor trader?

A floor trader is an exchange member conducting transactions only for their account from the exchange floor. In the past, floor traders operated in the pits of commodities or stock exchanges, utilizing the open outcry method. However, most of them use computerized trading systems and do not physically appear in the pit nowadays.

Where are trading floors located?

Trading floors are situated in the buildings of various exchanges, such as the New York Stock Exchange (NYSE) and the Chicago Board of Trade (CBOT). Trading floors may also exist as the center of trading activity within a financial firm such as an investment bank or hedge fund.

Are floor traders rare?

In reality, most traders are not floor traders, and floor traders are increasingly rare, primarily because most traders who use their own money have switched to electronic trading, which is not conducted in the pit. A floor trader is required to pass a screening process before trading on an exchange.

La première plateforme de trading de cryptomonnaies au monde

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