Chapter 04 · Section 4.1
Trading Floor Status
In the Commodity/Futures system (as used on the Chicago Mercantile Exchange for currency futures options for instance), there are two kinds of participants on the trading floor: floor brokers and floor traders. What status do these people have?
c) None of the above.
No. Membership is necessary in order to trade on the exchange floor.
a) They are all exchange members.
b) They are all clearing members.
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