Commission broker

Commission broker,

Definition of Commission broker:

  1. A floor broker who acts as an agent for a brokerage firm and who receives compensation on a commission basis for executed trades.

  2. A person who trades on the floor of an exchange as an agent for a brokerage firm, receiving a percentage of each transaction made as a commission.

  3. An agent for the sale or purchase of commissions in the armed forces (now historical and rare).

Meaning of Commission broker & Commission broker Definition