Pork Chop

AAA

DEFINITION of 'Pork Chop'

An arrangement on the floor of the NYSE whereby clerks cover the booth of a floor broker and accept orders, phone calls, and associated tasks.

INVESTOPEDIA EXPLAINS 'Pork Chop'

The clerks in charge of maintaining the booths are directly compensated by the floor brokers who own them. This arrangement is beneficial to the floor brokers as it allows them to handle business outside the floor on the NYSE while still taking orders and maintaining trading requirements.

RELATED TERMS
  1. Broker

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

    1. An individual or firm that places securities transactions ...
  3. Floor Trader - FT

    An exchange member who executes transactions from the floor of ...
  4. Member

    1. In the most general context, a brokerage firm (or broker) ...
  5. Telephone Booth

    A slang term referring to one of the many phone terminals on ...
  6. New York Stock Exchange - NYSE

    A stock exchange based in New York City, which is considered ...
Related Articles
  1. How To Invest In The Nikkei 225
    Mutual Funds & ETFs

    How To Invest In The Nikkei 225

  2. A Guide To Japan’s Nikkei 225 Index
    Investing Basics

    A Guide To Japan’s Nikkei 225 Index

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

    Pick the Right Brokerage Account for ...

  4. Investor, Know Thyself: Choose A Stock ...
    Investing Basics

    Investor, Know Thyself: Choose A Stock ...

comments powered by Disqus
Hot Definitions
  1. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
  2. Letter Of Credit

    A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. ...
  3. Due Diligence - DD

    1. An investigation or audit of a potential investment. Due diligence serves to confirm all material facts in regards to ...
  4. Certificate Of Deposit - CD

    A savings certificate entitling the bearer to receive interest. A CD bears a maturity date, a specified fixed interest rate ...
  5. Days Sales Of Inventory - DSI

    A financial measure of a company's performance that gives investors an idea of how long it takes a company to turn its inventory ...
  6. Accounts Payable - AP

    An accounting entry that represents an entity's obligation to pay off a short-term debt to its creditors. The accounts payable ...
Trading Center