Floor traders are speculators who have memberships in futures exchanges. Generally, they have a good understanding of commodity conditions, securities prices, interest rates and exchange rates in the spot market, and are experts in the futures market. Not only can you trade by yourself, but you can also trade on behalf of non-members. The role of floor traders is to greatly enhance market activity and liquidity and greatly reduce market price fluctuations.
According to the direct motivation of traders on the floor for trading and the interests of different traders they represent, they can be divided into two parts, namely, proprietary traders who trade for their own accounts and traders who trade for other people’s accounts. Floor broker for trading.