Jan 15, 2016 01:53
8 yrs ago
2 viewers *
Hebrew term

רישיון זירת מסחר לחשבונו העצמי

Hebrew to English Law/Patents Law (general) רישיון זירת מסחר לחשבונו העצמי
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Proposed translations

9 hrs

trading floor/pit permit to his own account/nostro

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23 hrs

floor trader license

floor trader license

A floor trader is a member of a stock or commodities exchange who trades on the floor of that exchange for his or her own account. The floor trader must abide by trading rules similar to those of the exchange specialists who trade on behalf of others. The term should not be confused with floor broker. Floor traders are occasionally referred to as registered competitive traders, individual liquidity providers or locals.
These traders are subject to a screening process before he or she can trade on the exchange. The people who operate as floor traders are in an open outcry system that has slowly been replaced by automated trading systems and computers that work in the same fashion as humans without the interaction of people buying and selling stocks.

https://en.wikipedia.org/wiki/Floor_trader

An exchange member who executes transactions from the floor of the exchange exclusively for his or her own account. Floor traders used to use the "open outcry" method in the pit of a commodity exchange, but now most of them use electronic trading systems. They fulfill an important role in commodity and stock market by risking their own capital to trade futures, options or stocks, thereby providing liquidity and narrowing bid-ask spreads.

http://www.investopedia.com/terms/f/floortrader.asp

Note that the "trading for its own account" is actually the definition of the "floor trader". In my opinion, the Hebrew text was translated originally from another language and needed to include the definition.


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Note added at 23 hrs (2016-01-16 01:17:46 GMT)
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Floor traders arerisking their own capital. Not necessary a laundering money situation.
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