A floor broker on the NYSE does which one of the following?
A) Supervises the commission brokers of a specific financial firm
B) Trades for his or her own personal inventory
C) Executes orders on behalf of customers
D) Maintains an inventory and assumes the role of a market maker
E) Is charged with maintaining a liquid, orderly market

Question

Quizplus · Accepted Answer

A floor broker on the NYSE executes orders on behalf of customers who are typically commission brokers or institutional clients. They work on the trading floor and are responsible for carrying out trades as directed by their clients within the framework of NYSE rules and regulations. Option A refers to a supervisor role, B refers to a dealer, D refers to a market maker and E refers to a responsibility of both floor brokers and designated market makers.

A Floor Broker on the NYSE Does Which One of the Following