An individual who is paid a
commission for
executing customer orders. Either a
floor broker who
executes orders on the floor of the
exchange, or an upstairs
broker who handles retail customers and their orders. Person who acts as an intermediary between a buyer and seller, usually charging a commission. A "broker" who specializes in
stocks,
bonds, commodities, or
options acts as
agent and must be registered with the exchange where the securities are traded. Antithesis of
dealer.