If you’ve heard of a full-service broker...you know, the ones that offer investing advice and supposedly have some legit research up their sleeves...a direct-access broker is on the opposite end of the broker scale.
Direct-access brokers are efficient AF. Their priority is speed and order execution via high-tech software (electronic communication networks), and they don’t offer investment advice straight up. Direct-access brokers are more of a surrogate for their clients, giving them direct access to trade on markets they otherwise wouldn’t be able to trade on as easily.
Direct-access brokers have really given full-service brokers a run for their money, with low fees and extras, like interactive charts, streaming quotes, and other real-time features technology and the internet have given us.
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Finance: What is a Floor Broker v. Floor...13 Views
Finance allah shmoop What is ah floor broker versus a
floor trader All right Well here's a floor fixer and
here's a floor broker but okay Shocking a floor broker
Brokers stocks on the floor of a stock exchange Right
Well here's the new york stock exchange here's its floor
These guys down here they're floor brokers That is they're
trading stocks and other securities on behalf of their clients
Basically this is the scene from trading places with eddie
murphy Great old film Old rich white guys in a
building up here Call down to their guys on the
floor who execute their bidding All right well it's a
bunch of brokers all trading their clients stocks right here
and here And here and here and here all over
the world within among each other So that money is
well pushed around thoroughly like that Cato's in grandma's hash
browns recipe Note that a floor broker is different from
a floor trader Who although he or she works on
the floor of an exchange also makes trades as a
principal for his or her own account So yeah that's
floor broker No jackhammer required Thank you very much Go
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