A term used in securities and Commodity Futures to describe a trade made on an exchange executed by another broker rather than the original broker who received the order. The executing broker must give up the trade and receives no commission or credit for the execution. In the Interbank forex market, a broker might give up the name of counterparty to the dealer on the other side of a Transaction.
Browse by Subjects
See All Related Terms »
tomorrow next trade
statement of affairs
American Psychological Association (APA):
Chicago Manual of Style (CMS):
Modern Language Association (MLA):