An agency broker is a broker that acts as a middle man to the stock exchange, and places trades on behalf of clients. This is in direct contrast to broker-dealers, who purchase orders from clients and then sell these blocks into the market. Special care must be taken when using any broker, as there may be hidden fees associated with placing trades.
Investment dictionary. Academic. 2012.
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agency broker — ➔ broker1 * * * agency broker UK US noun [C] PROPERTY, STOCK MARKET ► a person or organization that buys and sells shares or property for another person or organization: »She works as an equity salesperson for one of London s biggest agency… … Financial and business terms
agency broker — / eɪdʒənsi ˌbrəυkə/ noun a dealer who acts as the agent for an investor, buying and selling for a commission … Dictionary of banking and finance
agency crosses — Agency Cross Trade. Involves an agency broker one who acts solely as an agent buying shares from one party and passing them on to one or more buyers at the same price. The brokers make their profit from commission. LIFFE … Financial and business terms
Broker — An individual who is paid a commission for executing customer orders. Either a floor broker who executes orders on the floor of the exchange, or an upstairs broker who handles retail customers and their orders. The New York Times Financial… … Financial and business terms
broker — A company or individual that executes futures and options orders on behalf of financial and commercial institutions and/or the general public. Chicago Board of Trade glossary An agent who executes trades (buy or sell orders) for customers. He… … Financial and business terms
AGENCY — AGENCY, legal concept whereby the lawful acts of someone authorized by, and acting on behalf of, another are as effective as if performed by the principal; recognized in Jewish law from ancient times. A basic concept in the Talmud is that a man s … Encyclopedia of Judaism
Agency (law) — Agency is an area of commercial law dealing with a contractual or quasi contractual tripartite set of relationships when an Agent is authorized to act on behalf of another (called the Principal) to create a legal relationship with a Third Party.… … Wikipedia
broker — bro·ker / brō kər/ n: an agent who negotiates contracts of sale (as of real estate or securities) or other agreements (as insurance contracts or mortgages) between the parties for a fee or commission compare dealer, finder ◇ An insurance broker… … Law dictionary
agency cross — A transaction in a security where the broker matches orders between the buyer and seller (rather than through the market) and does not act as principal. Practical Law Dictionary. Glossary of UK, US and international legal terms.… … Law dictionary
agency — /ay jeuhn see/, n., pl. agencies. 1. an organization, company, or bureau that provides some service for another: a welfare agency. 2. a company having a franchise to represent another. 3. a governmental bureau, or an office that represents it. 4 … Universalium