exchange acquisition

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Exchange Acquisition

A trade in which a number of small sell orders are placed together and executed in order to fill a single, very large buy order. An exchange acquisition may create the appearance of a single trade (indeed, it is reported as such), but in fact it is the result of a streamlining process whereby a broker makes what would have been smaller trades at once. The broker receives a special commission for making an exchange acquisition. See also: Block.

exchange acquisition

The filling of a large buy order on the floor of an exchange in which a member solicits numerous sellers whose orders are then lumped together. This group of transactions is reported as a single transaction. Compare exchange distribution. See also special bid.
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On this background, the National Bank of Romania may bolster its reserves by foreign exchange acquisitions, to reimburse some of the public debt, according to Pal.
The trade exchange acquisitions announced in the fourth quarter of 2006 had a significant, positive impact on International Monetary Systems' gross revenue in the first quarter of 2007.
The increase in revenue was primarily a result of five trade exchange acquisitions plus a higher volume of transactions in the barter network.
International Monetary Systems' CEO Don Mardak stated: "These additional funds will allow us to complete other trade exchange acquisitions that are currently in discussion and will provide us with additional working capital.