Board Broker


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.

BREAKING DOWN '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.

  1. Blackboard Trading

    The buying and selling of commodities and futures contracts off ...
  2. Chicago Board Of Trade - CBOT

    A commodity exchange established in 1848 that today trades in ...
  3. Exchange

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

    1. A basic good used in commerce that is interchangeable with ...
  5. Free-Crowd System

    A system of commodity trading in which floor members can make ...
  6. Futures Contract

    A contractual agreement, generally made on the trading floor ...
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