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Investing Glossary:
Broker
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| An individual who is paid a Commission for executing customer orders. Either a floor Broker who executes orders On the Floor of the exchange, or an upstairs broker who handles Retail customers and their orders. Also, person who acts as an intermediary between a buyer and seller, usually charging a commission. A "broker" who specializes in stocks, bonds, commodities, or options acts as an Agent and must be registered with the Exchange where the securities are traded. Antithesis of dealer.
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