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Broker to broker |
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Broker to brokerA term used by the London Stock Exchange to denote that a transaction was between two member firms where neither firm is registered as a market maker in the security in question and neither is a designated fund manager.Brokers may also apply this indicator when buying or selling domestic equity market securities through a broker, which is not a member firm.Similar MatchesFloor brokerFloor brokerMember of an exchange who is an employee of a member firm and executes orders, as agent, on the floor of the exchange for clients. Advisory brokerAdvisory brokerA broker who not only deals in stocks and shares on behalf of his client, but also advises on what shares should be bought and sold for the portfolio.The broker will contact the client to suggest changes in the composition of the portfolio, but does not have authority to trade on a completely discretionary basis.The client pays a commission on dealing and may pay charges based on the value of the portfolio. Share brokerShare brokerA discount broker who charges per share traded, and reduces the per unit charge as the number of shares traded increases, as opposed to a dealer who charges a percentage of the dollar amount of the trade. Real estate brokerReal estate brokerOne who arranges the sale and purchase of property in return for a commission. Known as an estate agent in the UK. Financial Intermediaries Managers and Brokers Regulatory AssociationFinancial Intermediaries Managers and Brokers Regulatory AssociationThe self regulating organisation originally responsible for governing financial advisers. Became part of the PIA in 1994. Further SuggestionsBrokered CDbrokerage fee Real estate broker Discount broker Commission broker Board broker insurance broker Broker's fee Broker execution only broker Mortgage broker Independent broker Association of Private Client Investment Managers and Stockbrokers Brokered market Broker loan rate money broker Mortgage broker Broker, Real Estate Insurance broker Customs Broker broker stockbroker carrying broker introducing broker Gross per broker |
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