Which of the following statements is true about floor traders (or locals)in a futures exchange's trading floor?

Question

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Floor traders on a futures exchange's trading floor become counterparties to futures trades by buying or selling contracts directly with other traders on the floor, with no intermediary involved. This means they take on inventory risk by holding positions in the market. They usually do not earn a commission but instead profit from the price difference between the buy and sell orders they execute. They may also form associations to share information and insight on market conditions but do not typically handle complex orders for clients.

Which of the Following Statements Is True About Floor Traders