- Account executives ( brokers ) are brokers who take orders from the public and transmit the orders to the floor brokers
- Floor brokers are brokers who execute the orders
The journey of Futures Options Orders :
- the futures Options trader calls the brokers and place the order
- the brokers will transmit the order to the firm 's representative on the exchange
- the firm 's floor clerk gets and times the order
- the clerk gives the order to a runner
- the runner passes the orders to the floor brokers
- the floor brokers will executes the orders and documents the futures options trade
- the runner returns the information back to the clerk
- the clerk notifies the futures Options brokers
- the futures options brokers notifies the trader
It takes time for futures options orders to be done, so we must consider the speed of futures options brokers to complete our orders. http://optionsbroker.blogspot.com/
