local

A futures exchange member who trade securities for his or her own account. Bloomberg Financial Dictionary

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Private trader operating on an exchange floor, whose activities help provide liquidity. Locals lease trading rights from those exchange members who do not themselves need the use of all of the trading rights they have been allocated as part of their shareholding in the exchange. Dresdner Kleinwort Wasserstein financial glossary

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A futures trader who normally trades on an exchange on his/her own account. Exchange Handbook Glossary

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A 'local' is a trader registered to a member of LIFFE. The local trades for his or her own account. LIFFE

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▪ I. local local ² noun [countable]

a small local organization that is part of a trade union; = branch Bre

  [m0] ▪ II. local lo‧cal ¹ [ˈləʊkl ǁ ˈloʊ-] adjective

connected with a particular area, especially the area where something is produced:

• The firm produces clothing, shoes and other leather goods for local and overseas markets.

• The company borrowed the money from two local banks.

• All payments are made in local currency.

• Protectionist policies have shielded local industry from outside competition.

— locally adverb :

• The goods are made and sold locally.

• Think globally, act locally.

• a range of locally produced wines

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Ⅰ.

local UK US /ˈləʊk^əl/ adjective [usually before noun]

► from or connected with a particular area: »

The importation of goods from the United States has reduced growth in the local market.

»

US firms pay bonuses in dollars, in contrast to European rivals which tend to pay in local currency.

a local business/company/firm »

He has a four-month contract fixing computers at a local company.

»

This is a hugely serious problem at the local level, and we need to do something about it.

→ See also LOCALLY(Cf. ↑locally), DOMESTIC(Cf. ↑domestic)

Ⅱ.

local UK US /ˈləʊk^əl/ noun [C] US

► a part of an organization, especially a union (= workers' organization), representing people from a particular area: »

The local in Oakland and Macomb has nearly 4,000 members.