### Question
How is the "floor trader" defined?


### Answer
The term **floor trader** is defined in *7 U.S.C. § 1a* as follows -

> any person—


(i) who, in or surrounding any pit, ring, post, or other place provided by a contract market for the meeting of persons similarly engaged, purchases, or sells solely for such person's own account—


(I) any commodity for future delivery, security futures product, or swap

#### Citation:
  - *7 U.S.C. § 1a*
  - Heading: **CHAPTER 1-COMMODITY EXCHANGES**

