What is the broker doing?
The floor broker is someone who carries out shops on a trade floor on behalf of the company's clients, unlike a floor trader that closes the shops on their own name. These stock market experts can work for companies of all sizes and can specialize in a specific type of commodity or more generally to work on the stock exchange. One of the benefits for work as a broker of the floor is that one is not exposed to the risks of market volatility when the agreement is wrong. Their goal is to get the best solution, whether they buy or sell, for clients of companies. After completing the order, it is recorded and the client is informed that the agreement has been successfully completed and what the result was. Floor brokers must be able to deal with a wide range of persons and deal with a quick working environment. It must also have some other basic skills, such as the ability to clearly project your voices so that they can be heard through DIN business floors and aggression to create a good business and confirm it.
To become a broker of the floor, someone must usually pass a test that allows him to connect to replace. Floor brokers are sponsored by their companies and work under the auspices of companies that employ them, which means that when they are going, the company pays for them. These errors may vary from breaking the protocol that results in a fine from the stock exchange to the fonbed store. Too many errors can burn the broker floor because companies are not interested in the cost of their employees.
Each exchange has slightly different conventions and rules that the floor brokers must become family of family. Many exchanges have classes that are designed to acquaint people with life on the floor and procedures that intermediaries and traders must follow. These classes prepare people for exams they have to pass to work.
level of education for broker floors varies. Some do not have advanced educatedIt proceeds on the basis of natural skills and the ability to work from the ground up. Others may have higher education in finance and related subjects.