What Does a Commodity Broker Do?
Commodity brokers typically function as agents responsible for executing purchases and sales of commodity futures and options. They routinely make trades for individuals, companies, or even for their own accounts. Generally, these brokers are employed at brokerage firms, work on the trading floor of exchanges, or act as independents. When performing as middleman on the behalf of others, brokers are typically paid a fee or commission. There are basically two types of brokers: discount brokers and full service brokers.
