BNET Business Dictionary
Business Definition for: Pit Broker
- a broker who transacts business in the pit of a futures or options exchange.
- Also known as Floor Broker
Additional Resources
- Pit bull. (James J. Kaulentis, broker at the Chicago Mercantile Exchange)(includes related articles on International Futures and Options Assn. and intragroup trading)
- James Kaulentis heads the most powerful band of traders at the Chicago Merc. But the broker association he runs, and others like it, are engaged in a fierce struggle with independent traders. Top exchange officers are entangled in the battle, which is James Kaulentis heads the most...
- Research articles 1997-01-06
- Kenyon: Drawn by the thrill factor. (Trader Profile).(commodity broker Chip Kenyon)(Brief Article)
- Chip Kenyon didn't really choose the futures industry. It chose him. The Chicago native graduated college with concentrations in economics and history and had trouble finding direction. "I didn't have a job; I didn't know where to go. I interviewed at...
- Research articles 2002-01-01
- Marsh & McLennan May Buy HSBC's Insurance Brokerage Unit
- Less than a month ago insurance broker Marsh & McLennan CEO Brian Duperreault announced that he was going on a buying spree for acquisitions that would be "relatively small" individually, but "mighty" collectively. Duperreault, the former boss of Ace Ltd., moves fast. The latest rumor in the London...
- Blog posts 2009-11-25
- InterContinental Exchange Q2 2007 Earnings Call Transcript
- Question-and-Answer SessionOperator Operator Instructions And we'll go first to Daniel Harris, Goldman Sachs. Daniel Harris - Goldman Sachs Hi, good morning. How are you? Jeff Sprecher Good morning. Daniel Harris - Goldman Sachs I was wondering if you could give us a status update on the clearing...
- Earnings calls 2007-07-26
- Where will exacting demands on audit trail lead exchanges?
- Where will exacting demands on audit trail lead exchanges? It's 1 p.m. Do you know where your order is? When did it arrive on the floor of the futures exchange? When did it return from the trading pit after being executed by the...
- Research articles 1989-11-01
- Brian Gelber: adapting to move from floor to upstairs. (column)
- Brian Gelber: Adapting to move from floor to upstairs Growing up with eight brothers has taught Brian Gelber a thing or two about competition. Maybe it also helped him go from being one of the largest brokers in the Chicago Board of Trade CBOT Treasury bond...
- Research articles 1989-11-01
- As pleas to indictments come in, trial dates scheduled. (commodity brokers charged with fraud)
- As pleas to indictments come in, trial dates scheduled Federal prosecutors will bring the first of their cases against traders at the Chicago Board of Trade CBOT and Chicago Mercantile Exchange CME to trial in U.S. District Court on Dec. 4. Howard Goberstein,...
- Research articles 1989-10-01
- DJIA.(Brief Article)
- Watching the Fed While the Dow Jones Industrial Average DJIA futures contract has recovered from huge drops since last March, few traders see the index holding above the 10000 level for long. "Worldwide events will act as a cap on the market," says ...
- Research articles 2001-05-01
- Putting electronic brokerage on the map.(People)(Fitzsimmons of RedSky Financial LLC)(Brief article)
- Byline: Gregory Meyer Job: CEO, RedSky Financial LLC, an electronic broker and futures commission merchant in Chicago, since April 10. Vitals: 43 years old; bachelor's degree, Harvard University, 1984; MBA, University of Chicago, 1989. Started in the bond options pit at...
- Research articles 2006-05-15
