Invisible Gold

413-589-1500 | 877-583-0053

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Independent Broker

Member on the floor of the NYSE who executes orders for other brokers who are too busy to handle all of their orders or for firms who do not have their exchange member on the floor. Independents are still sometimes referred to as two-dollar brokers because they originally received $2 for every hundred shares they traded. Now the commission brokers pay their fees.