Desk Trader


DEFINITION of 'Desk Trader'

A trader who is restricted to instituting trades for a firm's clients and who is unable to trade with his/her firm's own accounts.


If you telephone a brokerage firm to order shares in a company, you'll most likely end up talking to a desk trader who will take the order and send it to the market. Desk traders must be registered with the relevant securities regulators, such as the Securities & Exchange Commission.

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  3. Securities And Exchange Commission ...

    A government commission created by Congress to regulate the securities ...
  4. Order

    An investor's instructions to a broker or brokerage firm to purchase ...
  5. Market Order

    An order that an investor makes through a broker or brokerage ...
  6. Broker

    1. An individual or firm that charges a fee or commission for ...
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