Local

An individualA person as defined. with exchangeWhen ownership of like-kind properties are transferred between two or more owners; can result in postponement trading privileges who trades for his own account, traditionally on an exchange floor, and whose activities provide market liquidityThe ease with which an asset can be converted into cash. A savings account is highly liquid, whereas. See Floor TraderA person with exchange trading privileges who executes his own trades by being personally present in, E-LocalA person with trading privileges at an exchange with an electronic trading facility who trades electronically.