| Floor Broker - FB | |
 An employee of a member firm who executes trades on the exchange floor on behalf of the firm's clients. |
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 Basically floor brokers receive orders from their firms, which have been placed by the firms' clients, and executes these orders at the best possible price. Floor brokers should not be confused with floor traders who execute orders for their own accounts. |
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 Brokers and Online Trading - How do you find the right broker for your investment needs? Start by reading our broker tutorial. Understanding Order Execution - The way in which your broker fulfills your orders can affect your costs. |
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