Floor Broker Definition.

A floor broker is a member of a stock or commodities exchange who executes orders from other brokers on the floor of the exchange. Floor brokers are required to be registered with the exchange. Floor brokers typically work for a particular firm and are responsible for that firm’s trading activity on the floor. They may … Read more

Understanding Average Selling Price (ASP).

ASP is a term used in business to describe the average price at which a particular product or service is sold. It is calculated by taking the total revenue from sales of a particular product or service and dividing it by the number of units sold. The average selling price can be a useful metric … Read more

What are futures contracts?

A future contract, commonly referred to as a “future”, is a financial mechanism that belongs to the group of derivative contracts. In this type of contract, two parties agree to a price determined in the present for a future date by exchanging an asset that may be materials, real estate, physical assets or financial assets. … Read more