Trading Floor Definitions

Local

An individual with exchange trading privileges who trades for his own account on an exchange floor and whose activities provide market liquidity. See also: Floor Trader

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E-Local

A person with trading privileges at an exchange with an electronic trading facility who trades electronically (rather than in a pit or ring) for his or her own account.

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Runners

Messengers or clerks who deliver orders received by phone clerks to brokers for execution in the pit.

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