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contra broker

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Contra Broker
A term used to describe the broker participating on the opposite side of a transaction.

Notes:
For example, on a buy transaction, the contra broker would be the party selling the securities.

Contra broker
The broker on the buy side of a sell order or the sell side of a buy order.
contra broker
The broker on the opposite side of a transaction. To a broker acting as an agent to buy, the contra broker is the selling broker. Conversely, to a broker on the sell side, the contra broker is the broker on the buy side.
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