Dictionary Home »
Webster's New World Finance and Investment Dictionary » guaranteed introducing broker
guaranteed introducing broker
guaranteed introducing broker definition - finance
A broker who matches up traders with brokerage
firms that will execute the orders. A guaranteed introducing broker doesnÂ’t
take any payment, but his or her operations are guaranteed by the futures
commission merchant (FCM), which does accept money from clients and executes
trades. A guaranteed introducing broker has no minimum capital or financial
reporting requirements. All of the accounts of a guaranteed introducing broker
must be carried by the guaranteeing FCM.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
Comments
Improve this definition.
Browse dictionary definitions near guaranteed introducing broker
Share on Facebook