Floor Trader

A personAn individual, corporation, partnership, Limited Liability Company or other legal entity. (REF CGS §38a-1(14)). with exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement trading privileges who executes his own trades by being personally present in the pitA specially constructed area on the trading floor of some exchanges where trading in a futures contract or ringA circular area on the trading floor of an exchange where traders and brokers stand while executing for futuresSee Futures Contract. trading. See LocalAn individual with exchange trading privileges who trades for his own account, traditionally on an exchange.