Broker Booth Support System - BBSS

AAA

DEFINITION of 'Broker Booth Support System - BBSS'

An electronic system used by the New York Stock Exchange to send orders between brokers and trading booths on the floor of the exchange. The BBSS is an extremely efficient way to direct order flow. Prior to its advent, brokers used paper forms and sent runners to give orders to the floor traders to execute.

INVESTOPEDIA EXPLAINS 'Broker Booth Support System - BBSS'

The BBSS permits the New York Stock Exchange to handle daily trade volumes in excess of one billion shares. If this electronic system of routing orders were unavailable, brokers and traders would have to rely on paper forms to document and execute trades. In addition to being a physically demanding process, the paper format is much more difficult to audit and track than its electronic counterpart.

RELATED TERMS
  1. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  2. Specialist

    A member of an exchange who acts as the market maker to facilitate ...
  3. Specialist Firm

    The firms that hire the specialists to represent companies listed ...
  4. American Stock Exchange - AMEX

    The third-largest stock exchange by trading volume in the United ...
  5. Exchange

    A marketplace in which securities, commodities, derivatives and ...
  6. Floor Trader - FT

    An exchange member who executes transactions from the floor of ...
Related Articles
  1. Getting To Know The Stock Exchanges
    Options & Futures

    Getting To Know The Stock Exchanges

  2. The Global Electronic Stock Market
    Trading Systems & Software

    The Global Electronic Stock Market

  3. What Does The Dow Jones Industrial Average ...
    Investing Basics

    What Does The Dow Jones Industrial Average ...

  4. Pick the Right Brokerage Account for ...
    Options & Futures

    Pick the Right Brokerage Account for ...

Hot Definitions
  1. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  2. Leading Indicator

    A measurable economic factor that changes before the economy starts to follow a particular pattern or trend. Leading indicators ...
  3. Wage-Price Spiral

    A macroeconomic theory to explain the cause-and-effect relationship between rising wages and rising prices, or inflation. ...
  4. Accelerated Depreciation

    Any method of depreciation used for accounting or income tax purposes that allows greater deductions in the earlier years ...
  5. Call Risk

    The risk, faced by a holder of a callable bond, that a bond issuer will take advantage of the callable bond feature and redeem ...
  6. Parity Price

    When the price of an asset is directly linked to another price. Examples of parity price are: 1. Convertibles - the price ...
Trading Center