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Floor Trader - FT

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Definition of 'Floor Trader - FT'

An exchange member who executes transactions from the floor of the exchange exclusively for his or her own account.
Investopedia Says

Investopedia explains 'Floor Trader - FT'

You've probably seen floor traders on TV and in the movies. These are the guys in the pit waving their arms frantically to make trades. However these men and women who still operate in an  "open outcry" system are increasingly being replaced by automated trading systems and computers that function without human interaction and are specifically designed to match buyers and sellers.

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