Nyse Floor Broker Exam

She had one month to study for and take the series 19 the exam all floor brokers must pass to earn their badge.

Nyse floor broker exam. With the heyday of the human floor trader now ancient. Nyse trader broker lauren simmons. And kind of one of the reasons i came to the new york stock exchange is because numbers are a universal language she explains. Today floor brokers are relatively few in number with only about 35 firms maintaining floor brokers at the nyse as compared to several hundred firms in previous decades.

The job wasn t completely hers. The exam all floor. The new york stock exchange s fabled floor traders fearing steeper job losses in their already diminished ranks are an endangered species. Floor trading has become increasingly rare as electronic trading.

The storied new york stock exchange in lower manhattan is a symbol of american capitalism. A floor trader is an exchange member who executes transactions from the floor of the exchange exclusively for their own account. The floor brokers specialists and designated market makers dmms on the trading floor are the face of. Floor brokers must have a solid understanding of the practices concepts and procedures of the stock exchange and the ability to make effective decisions under stress and pressure.

A career as a floor broker is a great choice for people with a strong interest in executing orders for clients of the trading floor of the stock exchange. She still had to pass the series 19 exam which is a requirement for all floor brokers to earn their badge.