Desk Trader
A trader who is restricted to instituting trades for a firm's clients and who is unable to trade with his/her firm's own accounts. Investopedia Says:
If you telephone a brokerage firm to order shares in a company, you'll most likely end up talking to a desk trader who will take the order and send it to the market. Desk traders must be registered with the relevant securities regulators, such as the Securities & Exchange Commission. Related Terms:
Book
Broker
Brokerage Account
Market Order
Order
Securities & Exchange Commission - SEC
Trading Desk |