Agency Trade

Agency Trade

A trade that a broker makes for a client in which the broker initiates the order. Only brokers managing discretionary accounts may make agency trades because, otherwise, they do not have the authority to execute orders without the client's explicit authorization.
References in periodicals archive ?
Thus, in 2010, ARC set the goal of creating a more modern agreement with the help of agencies, airlines, and agency trade associations.
Participating companies can claim grants worth pounds 600 for travel and pounds 100 for translation services as part of the support package from government agency Trade Partners UK.
But Peter Mathews, chairman of the Midlands World Trade Forum, said that through his organisation, backed by the DTI agency Trade Partners UK and Advantage West Midlands, exporters were "receiving more support than ever".
The company's commitment to trading efficiency extends to its multiple value-added services, including advanced electronic trading capabilities, commission management tools and an agency trade desk.
On that same day, the customer paid Morgan Stanley $3 per share to execute an agency trade of 20,000 shares of a listed security.
NASD found that the firms violated NASD rules when they received unusually high commissions from certain customers on listed agency trades -- without inquiry and within one day of allocating shares in "hot" IPOs to those same customers.
Each of the firms accepted very high commission payments for executing institutional-sized agency trades in liquid listed securities.
UK in partnership with sister agency Trade Partners UK, is being formally unveiled during the American Association for the Advancement of Science (AAAS) Annual Meeting in Denver.
Utilizing Pegasus Business Intelligence's new service gives us a competitive edge when determining who we wish to target as business producers, and it allows us to take a more strategic approach when working with the travel agency trade," Kolodz said.
The firm said that the solution supports the bank's cash equity business for principal and agency trades conducted on the Australia Securities Exchange (ASX) and CHI-X Markets.