Q553
Type of exchange members who place buying and selling from public are classified as
A.
floor broker
AnswerB.
roof broker
C.
broker of auction
D.
leverage investment broker
Answer: Option A
Solution
Answer: Option A
Solution:
Type of exchange members who place buying and selling from public are classified as floor broker. A floor broker (FB) is an independent member of an exchange who is authorized to execute trades on the exchange floor on behalf of clients. A floor broker is a middleman who acts as an agent for clients, indirectly giving them the best access possible to the exchange floor.