A broker, usually a futures commission merchant, who conducts transactions for other individuals. A carrying broker can conduct trades for other brokers, or any customer. This broker is usually someone very active in the market, and who will conduct transactions for those who are not able or willing to do so themselves for any reason, including lack of knowledge, desire, or time.
Related information about carrying broker:
- Carrying Broker Definition | Investopedia
The carrying broker therefore enables other brokers, known as introducing brokers, to provide full service to their clients without incurring the huge start-up and ...
- What is carrying broker? definition and meaning
Definition of carrying broker: A broker, usually a futures commission merchant, who conducts transactions for other individuals. A carrying broker can conduct ...
- Carrying Broker - Financial Dictionary - The Free Dictionary
A member of a commodity exchange who provides clearing services for other members or brokers. A carrying broker does this in addition to his/her other duties ...
- Carrying Broker: Definition from Answers.com
Carrying Broker A term used to refer to a commodities exchange member who elects to clear trades on behalf of another party.
- PEER REVIEW ALERT 11-02 (March 2011) Enhanced ... - the AICPA
carrying broker-dealer and a non-carrying broker-dealer? Interpretation— Carrying broker-dealers include all broker-dealers that clear customer transactions, ...
- Carrying Broker-Dealers - aicpa
Carrying broker-dealers include all broker-dealers that clear customer transactions, carry customer accounts or hold custody of customer cash or securities.
- Party Definitions
Carrying Broker: This term is used to define the Customer's Clearing Broker in instances where such broker is not a member of the exchange where the trades ...
- Northern Reports on Carrying Broker Status - Yahoo! Finance
Nov 14, 2012 ... TORONTO , Nov. 14, 2012 /CNW/ - Northern Financial Corporation (NFC.V) (" Northern Financial" or the "Company") announced that Penson ...