A trader who is restricted to instituting trades for a firm's clients and who is unable to trade with his/her firm's own accounts.




Taobiz explains Desk Trader
If you telephone a brokerage firm to order shares in a company, you'll most likely end up talking to a desk trader who will take the order and send it to the market. Desk traders must be registered with the relevant securities regulators, such as the Securities & Exchange Commission.