agency trade

agency trade definition - finance
A buy or sell order that is initiated by a brokerage firm on behalf of a customer. An agency trade is in contrast to a trade that is initiated directly by the customer. If a customer has given a brokerage firm discretion to manage his or her account, then any trades from that account are agency trades.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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