Two dollar broker - Used for listed equity securities. Floor broker of the N.Y.S.E., who executes orders for other brokers (risk arbitrage) having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on the floor.
Two dollar broker : used for listed equity securities. floor broker of the n.y.s.e., who executes orders for other brokers (risk arbitrage) having more business at that time than they can handle with their own private floor brokers or who do not have their exchange member on the floor.