Runner

Runner
A broker employee who delivers a market order to the broker's floor trader. After a customer places an order to the broker's order taker, the runner will pass the instructions to the pit trader and wait for confirmation. Once the trade is executed, the runner will return to the order taker, confirming the order has been filled.

Runners are an important link between the customer and the floor trader. They are responsible for passing on the a customer's order to the broker in a timely fashion. The runner communicates all terms associated with a market order and whether the order is of a specific type. As exchanges have slowly shifted from a floor-based trading environment to electronic platforms, the need for runners has decreased as orders are processed electronically.


Investment dictionary. . 2012.

Игры ⚽ Поможем сделать НИР
Synonyms:
/ ,


Look at other dictionaries:

  • Runner — may refer to:* Someone or something who runs * Baserunner, an offensive player in baseball who has successfully reached base * Gilera Runner, a moped/scooter manufactured by Gilera * Runner (band) * Runner (cricket), a player who runs for an… …   Wikipedia

  • Runner-up — is a term used to denote a participant which finishes in second place in any of a variety of competitive endeavors, most notably sporting events and beauty pageants; in the latter instance, the term is applied to more than one of the highest… …   Wikipedia

  • runner-up — 1842, originally in dog racing; see RUNNER (Cf. runner) + UP (Cf. up). General sense is from 1885 …   Etymology dictionary

  • runner — ► NOUN 1) a person or animal that runs. 2) a messenger, collector, or agent for a bank, bookmaker, etc. 3) an orderly in the army. 4) a rod, groove, blade, or roller on which something slides. 5) a ring capable of sliding or being drawn along a… …   English terms dictionary

  • runner — [run′ər] n. [ME renner] 1. a person, animal, or thing that runs; specif., a) a racer ☆ b) Baseball BASE RUNNER ☆ c) Football a player running with the ball 2. a person who runs errands, carries messages, etc., as for a bank or brokerage house …   English World dictionary

  • Runner — Run ner, n. [From {Run}.] 1. One who, or that which, runs; a racer. [1913 Webster] 2. A detective. [Slang, Eng.] Dickens. [1913 Webster] 3. A messenger. Swift. [1913 Webster] 4. A smuggler. [Colloq.] R. North. [1913 Webster] 5. One employed to… …   The Collaborative International Dictionary of English

  • Runner — Runner. См. питатель. (Источник: «Металлы и сплавы. Справочник.» Под редакцией Ю.П. Солнцева; НПО Профессионал , НПО Мир и семья ; Санкт Петербург, 2003 г.) …   Словарь металлургических терминов

  • Runner — (engl., spr. Ronner, d.i. der Renner), 1) der Postbote; 2) der Polizei od. Gerichtsdiener …   Pierer's Universal-Lexikon

  • Runner — (englisch amerikan., spr. rönner, »Läufer«), Leute, die gewerbs und gewohnheitsmäßig die einkommenden Seeleute zur Desertion (s. d.) veranlassen. Gegen die Folgen dieses Treibens sucht die Seemannsordnung dadurch zu schützen, daß nach § 90 der… …   Meyers Großes Konversations-Lexikon

  • runner — index bootlegger, candidate Burton s Legal Thesaurus. William C. Burton. 2006 …   Law dictionary

  • runner-up — n plural runners up the person or team that comes second in a race or competition …   Dictionary of contemporary English

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”