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03

new york stock exchange

   
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Title: new york stock exchange
 
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Subject: Business
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Date: October 24, 1999
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Length: 3 / 688
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A commission broker executes the orders of his firm's customers. Independent Brokers. Independent brokers work for themselves. Although they are not affiliated with any brokerage house, they handle orders for brokerage houses that do not have full-time brokers, whose brokers are off the floor, or are too busy to handle a specific order...
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Independent brokers were once referred to as "$2 brokers," a term coined when they received $2 for every 100 shares they traded. Their fee, paid by commissioned brokers, is called a "floor brokerage." This fee is fully negotiable depending on the size and difficulty of the order they are trading...
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