What does Board Broker mean?
A member of a commodity exchange who is entrusted with the responsibility of managing transactions for a specific commodity. Board Broker’s role is similar to that of the specialists or market makers on stock exchanges. He provides price quotes, executes trade orders and ensures smooth and orderly operations for the commodity. He creates a market for the commodity and facilitates smooth and orderly operations
Futures Knowledge Explains Board Broker
Each commodity traded on a commodity exchange is allocated to a board broker who matches up buyers and sellers. He monitors all transactions and trade are done in a fair, competitive, orderly, and efficient way. He ensures that all customers have an equal opportunity to buy or sell while receiving the best prices. The functions of Board Broker are done by a member or an individual associated with him.