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Tip of the Day Find Out About Secondary Costs

Find Out About Secondary Costs - Home ownership comes with many expenses and one that generally is not taken into account when plans are made to purchase a new home...

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Floor Trader

Definition: People or firms who have memberships to a stock exchange are allowed to be on the floor to buy and sell stocks.  The people you see running around buying and selling stocks are called "floor traders."  These memberships can upwards of $1 million for a "seat" on the exchange.

TeenAnalyst Advice: Floor traders have high-intensity, high-risk, and high-stress jobs.  They're responsible for executing all of the large orders from their firm.  These aren't usually small trades, either.  It's not unusual for floor brokers to buy or sell 50,000 shares at a time.

 

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Definition of the Day Who is Peter Lynch?

Definition: Peter Lynch was the fund manager for the Fidelity Magellan fund from 1978 until 1990. During that time, he...

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