Legal Definition of Independent Broker
Meaning of Independent Broker
Member on the floor of the NYSE who executes orders for other brokers having more business at that time than they can handle themselves, or for firms who do not have their exchange member on the floor.
Related Entries of Independent Broker in the Encyclopedia of Law Project
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Independent Broker in Historical Law
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Legal Abbreviations and Acronyms
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Independent Broker Definition (in the Accounting Vocabulary)
The New York State Society of Certified Public Accountants offers the following definition of Independent Broker in a way that is easy for anybody to understand: New York Stock Exchange member who executes orders for other floor brokers who have more volume than they can handle, or for firms whose exchange members are not on the floor.
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