Mid-Level

Floor Broker

The exchange floor trader — executing orders in the pit through open outcry and electronic trading.

Career Level
Junior
Mid
Senior
Director
VP
Executive
Work Personality
E
C
S
I
A
R
Enterprisingleading, persuading
Conventionalorganizing, detail-oriented
Based on Holland Code framework
Job markets for Floor Brokers
Employment concentration · ~367 areas
Based on employment in related occupations
Mapped SOC categories:
BLS Occupational Employment Statistics
What it's like

What it's like to be a Floor Broker

As a Floor Broker, you execute trades on an exchange floor. While electronic trading has reduced floor broker roles, they still exist for certain markets and order types. You execute orders for clients, manage order flow, and provide market intelligence. It requires quick thinking, market knowledge, and the ability to perform under intense pressure.

Your day centers on market hours. You receive orders from clients, execute them through available mechanisms (open outcry or electronic), report executions, and manage any issues. You need to understand market dynamics, maintain client relationships, and execute with precision. The physical floor environment is intense — fast-paced, loud, and demanding.

The hardest part is the pressure and evolution of the role. Markets move quickly, and execution errors are costly. The transition to electronic trading has changed floor broker work significantly. You need to add value beyond simple execution to remain relevant. The people who thrive here handle pressure well, have excellent market instincts, and can adapt as market structures change.

AchievementAbove avg
Working ConditionsAbove avg
IndependenceAbove avg
RelationshipsModerate
RecognitionModerate
SupportModerate
O*NET Work Values survey
StrategyExecution
StructuredAdaptable
ManagingContributing
CollaborativeIndependent
Exchange typeOrder flowClient typeElectronic vs open outcryFirm size
Floor brokering varies by exchange and market. Options floors still have significant floor activity. Some markets are entirely electronic. Client types range from retail to institutional. Compensation structures vary from salary to commission-based.
✦ Editorial — written by Truest from industry research and career patterns
Career Paths

Where this role sits in the broader career landscape — and where it can take you.

$239K$179K$119K$60K$0KLower paying387 metro areas, sorted by salary level
All experience levels1
This level's estimated range
INDUSTRIES PAYING ABOVE AVERAGE
1 BLS OEWS May 2024 covers all Floor Brokers (SOC 41-3031.00), not just this title · BEA RPP 2023
* Top salaries exceed this figure. BLS caps reported wages at ~$240K to protect individual privacy in high-earning roles.
Exploring the Floor Broker career path? Truest helps you figure out if it's the right fit — and plan your path forward.
Explore career tools
1
Electronic trading
Markets continue to evolve
2
Client relationships
Value beyond execution
3
Market analysis
Providing insight alongside execution
What products does this desk execute?
What is the mix between floor and electronic execution?
What is the client base like?
How is compensation structured?
What is the outlook for floor operations here?
✦ Editorial — career progression and interview guidance based on industry patterns
The Broader Landscape

Roles like this one sit within a broader occupational category. The numbers below reflect that full landscape — helpful for context, but your specific experience will depend on level, specialty, and where you work.

$47K–$215K
Salary Range
10th – 90th percentile
472K
U.S. Employment
+3.3%
10yr Growth
38K
Annual Openings

How this category is changing

$64K$61K$58K$55K$52K201920202021202220232024$52K$64K
BLS OEWS May 2024 · BLS Employment Projections 2024–2034

Skills & Requirements

Active ListeningCritical ThinkingJudgment and Decision MakingMonitoringActive LearningPersuasionSpeakingReading ComprehensionWritingSocial Perceptiveness
O*NET OnLine · Bureau of Labor Statistics
41-3031.00

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Federal data: BLS Occupational Employment & Wage Statistics (May 2024) · BLS Employment Projections · O*NET OnLine
Truest editorial: Fit check, role profile, things that vary, advancement analysis, lateral moves, interview questions.