Board Broker

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DEFINITION of 'Board Broker'

A member or member nominee of a commodity exchange who is entrusted with the responsibility of executing and matching orders, providing price quotations, and maintaining orderliness of trading accounts for the designated commodity.

INVESTOPEDIA EXPLAINS 'Board Broker'

The functions of a commodity exchange board broker are similar to those of the specialists or market makers on stock exchanges. Their main purposes are to create a market for the commodities to which they are assigned and to facilitate smooth and orderly operations throughout the trading day.

RELATED TERMS
  1. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  2. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  3. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  4. Chicago Board Of Trade - CBOT

    A commodity exchange established in 1848 that today trades in ...
  5. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  6. Market Maker

    A broker-dealer firm that accepts the risk of holding a certain ...
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