commission broker

commission broker definition - business

commission broker

An employee of a member firm of an organized securities exchange who transacts orders for the firm or its customers on the exchange floor. Orders flow to the commission broker from the firm's trading desk or from its registered representatives.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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