Posted in Finance, Accounting and Economics Terms, Total Reads: 291
Definition: Desk Traders
A desk trader is an individual hired by a brokerage firm, who accepts orders from customers seeking investments and trades on their behalf, instead of trading on the brokerage’s own account.
A desk trader acts a representative who takes the order from investors. After completely understand the requirements of an investor, he/she places the order on their behalf in the market. To avoid any ambiguity, desk traders are registered officially so that they can genuinely help investors who call a brokerage firm for their investment needs.
Desk traders sit at their respective trading desks. Such a concept is present in almost all financial institutions like banks, brokerage firms etc. Over a period of time, dedicated employees handle a portfolio for their firm, and they become dedicated desk traders for certain clients.