A member of the New York Stock Exchange who executes orders for commission brokers on a fee basis is a:

Question

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A floor broker executes orders on behalf of commission brokers on a fee basis, while a specialist is responsible for maintaining a fair and orderly market in a specific stock, and a floor trader buys and sells for his or her own account. A dealer buys and sells securities for his or her own account and assumes market risk, while a floor agent is an employee of a commission broker who handles orders on the floor of the exchange.

A Member of the New York Stock Exchange Who Executes