Broker to broker


 

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Broker to broker

A 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 Matches

Floor broker

Floor broker

Member 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 broker

Advisory broker

A 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 broker

Share broker

A 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 broker

Real estate broker

One 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 Association

Financial Intermediaries Managers and Brokers Regulatory Association

The self regulating organisation originally responsible for governing financial advisers. Became part of the PIA in 1994.


Further Suggestions

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brokerage fee
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Commission broker
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insurance broker
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execution only broker
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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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