The name for a floor broker who performs trades for other brokers, who are usually too busy to do all of their trades themselves. In return, they are paid a fee by the other broker. The name originated because the original fee they were paid was two dollars.
Related information about two dollar broker:
- Two Dollar Broker Definition | Investopedia
A floor broker who executes orders for other brokers who cannot do it themselves because they have more business than they can handle at that particular time.
- Two Dollar Broker - Financial Dictionary - The Free Dictionary
Floor broker of the NYSE, who executes orders for other brokers having more business at that time than they can handle with their own private floor brokers or ...
- What is two dollar broker? definition and meaning
Definition of two dollar broker: The name for a floor broker who performs trades for other brokers, who are usually too busy to do all of their trades themselves.
- Two Dollar Broker: Definition from Answers.com
floor broker who executes orders for other brokers too busy to do it themselves; a brokers broker. Such brokers once were paid two dollars for a Round.
- Two-dollar broker - Merriam-Webster Online
a broker who executes orders for other exchange members on the floor for a commission formerly of two dollars per 100 shares. This word doesn't usually ...
- two-dollar broker - Invest Definition
two-dollar broker definition: A member of a securities exchange who ... A two- dollar broker performs essentially the same function as a commission broker except ...
- What is Two Dollar Broker? - Definition from Testopedia
Two Dollar Broker Definition - Two dollar broker is an independent exchange member who executes orders for commission house brokers and other...
- Tight-Knit Culture Will Help Help Shape the Big Board's Future
Paul Fitzgerald, a two-dollar broker for Smalls McKenzie Group, on a summer day had an order to sell 20,000 shares of Unum Provident Corp. for a big member ...