oussama94
05-28-2017, 19:04
A futures trade is typically a seven-step
process:
1. The client calls his or her broker and places a trade (or places it
online).
2. The trading desk receives the order, processes it, and routes it to the
FCM order desk on the exchange floor.
3. The FCM order desk passes the order to the order clerk.
4. The order clerk hands the order to a runner or signals it to the pit.
5. The trading clerk goes to the pit to execute the trade
process:
1. The client calls his or her broker and places a trade (or places it
online).
2. The trading desk receives the order, processes it, and routes it to the
FCM order desk on the exchange floor.
3. The FCM order desk passes the order to the order clerk.
4. The order clerk hands the order to a runner or signals it to the pit.
5. The trading clerk goes to the pit to execute the trade