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Step-Out Trading

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Step-Out Trading
The practice of one brokerage executing an order on behalf of a client but giving credit (and part of the commission) to another brokerage. This is often a gesture when the second brokerage has assisted the first in some way, especially by helping with research and analysis.

step-out trading
A brokerage firm execution in which credit for the trade is given to another firm.


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Particularly important in our decision to select Citi is its ability to deliver a single front-end trading application capable of supporting step-out trading to our choice of broker or electronic destinations, thereby helping us seek best execution of our trading orders.
 
 
 
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