Question Details

	Username: Andrew Rating: Asked to: Dara Madee Date Created: 03 Jul 2017
Category	40
Tag	Financial
Question	Please give the definition of 'Two Dollar Broker'.

Advice from Guru

Hi Andrew,

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.

The name came about because brokers were once paid $2.00 for a round lot trade. Today, commission is negotiated.

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