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Commission broker |
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Commission brokerA broker on the floor of an exchange who acts as agent for a particular brokerage house and buys and sells stocks for the brokerage house on a commission basis.Commission broker Similar MatchesCommissionCommissionCompensation due a real estate broker for acting on behalf of the principal. CommissionCommissionPayment made to a stockbroker when you buy or sell shares. In general, the level of commission you pay will either be a flat fee (possibly going up in stages according to the size of the deal) or a percentage based on the size of the deal.An important determinant of the amount of commission you pay will be the kind of service you get from your broker.Discretionary : the broker has general discretion as to how he manages your portfolioAdvisory: the broker will contact you to suggest changes in the composition of your portfolio, but he does not have the authority to trade on a completely discretionary basis.Execution only: the broker's primary function is to execute the buy/sell instructions which you give him. He does not give advice either proactively or at your request.As a rule, execution only brokers are the cheapest for transaction costs. International Organization of Securities CommissionersInternational Organization of Securities CommissionersIn the US, this organisation encourages co-operative policies on market regulation, surveillance, and enforcement at the domestic and international levels in order to maintain just and efficient securities markets. CommissionCommissionA percentage of the sale price which the selling party receives. This can be an estate agent in relation to a property, a broker selling you a mortgage or other products and even a dorr to door salesman selling you a nice new set of double glazing. Commission houseCommission houseAnother term used to describe brokerage firms because they earn their living by charging commissions. Further SuggestionsCommission houseCommodity Futures Trading Commission Futures Commission Merchant indemnity commission Underwriting Commission Futures commission merchant (FCM) Securities and Exchange Commission Securities and Exchange Commission Rules Split commission Fee and commission compensation Securities & Exchange Commission (SEC) Federal Maritime Commission (FMC) Commodity Futures Trading Commission (CFTC) |
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