What Do Brokers in an Exchange Do?
Probably the most important day—to–day activity that takes
place in a commercial trade exchange is brokering the goods
and services in the exchange. In other words, finding what
clients need or want with businesses that can supply it on
trade.
Most exchanges employ individuals whose primary purpose
is to do just that. They are referred to as brokers.
During the course of bringing businesses together to create
trades, brokers also act as a resource and guide to their
member – informing them on how to best utilize their trade
credit and how to generate trade from new customers.
Specialized knowledge of trade economics and ethics is a
plus and can be obtained by studying and passing the
Certified Trade Broker exam offered by the IRTA.
Things to ask your Trade Broker about:
- Basic barter economics and member conduct
- How to access the exchange's Member Directory
- On–line Services
- Flyers to be included in the exchange's regular
mailings or e-mail communications
- Networking events put on by the exchange to meet
fellow members
- Credit extension policies and procedures