Only seven of the 1,366 floor brokers can trade for themselves, he added.

The Italian stock market in Milan was closed by a strike of floor brokers.

The four floor brokers face zero to six months in jail.

"Now we go to work," said a floor broker who had brought a friend to the exchange for the opening.

If the matter goes before a hearing panel, it would be decided by three panelists: a specialist, a floor broker and an exchange official.

Oakford would keep 30 percent of the profit from the accounts, with 70 percent going to the floor brokers.

The term should not be confused with floor broker.

Considering the trading range yesterday, the volume was light, floor brokers said.

The floor brokers earned $55 million, down 14 percent from the $64 million last year.

He retired as an officer in 1971, but continued as a floor broker until 1978.