Give up

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Give up

Used for listed equity securities. (1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B (a member firm broker who has too much business at the time to execute the order). The broker with whom broker A completes the transaction (the sell-side broker) is broker C. Broker A "gives up" the name of broker B, so that the record shows a transaction between broker B and broker C even though the trade is actually executed between broker A and broker C; (2) distribution of commissions to brokerage houses not participating in a trade. This is a grey area of the law governing reimbursement of a broker for services (e.g., research). See: Directed brokerage.

Give Up

For a broker to execute an order on behalf of another broker. Giving up occurs as a professional courtesy when a broker receives an order from a client that he/she is too busy to execute. It is important to note that the broker who receives the order, rather than the broker who conducts the transaction, is the one who earns the applicable commissions and fees. The term originates from the fact that the broker who executes the transaction must "give up" the commission to other broker.
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Nothing delighted you more than to have me tie my piece bags on your backs for burdens, give you hats and sticks and rolls of paper, and let you travel through the house from the cellar, which was the City of Destruction, up, up, to the housetop, where you had all the lovely things you could collect to make a Celestial City.
That he got him in love with another woman; and that I might know, after all that, that he should not give up for a few airs and tears, and things of that sort.
Their apprehensions arise from several changes they dread in the celestial bodies: for instance, that the earth, by the continual approaches of the sun towards it, must, in course of time, be absorbed, or swallowed up; that the face of the sun, will, by degrees, be encrusted with its own effluvia, and give no more light to the world; that the earth very narrowly escaped a brush from the tail of the last comet, which would have infallibly reduced it to ashes; and that the next, which they have calculated for one-and-thirty years hence, will probably destroy us.
My brother," pursued the barber, "was so much absorbed in his dreams that he actually did give a kick with his foot, which unluckily hit the basket of glass.
I was forced to read the address to know to whom to give it.
It poured without ceasing, and the wind blew strong from the West, which is a wet quarter, so Ulysses thought he would see whether Eumaeus, in the excellent care he took of him, would take off his own cloak and give it him, or make one of his men give him one.
I can tell no more than my young sister Spring where you may find the Spirits that you seek; but I too, like her, will give a gift to aid you.
Jove, moreover, has vouchsafed you to wield the sceptre and to uphold righteousness, that you may take thought for your people under you; therefore it behooves you above all others both to speak and to give ear, and to out the counsel of another who shall have been minded to speak wisely.
Newman got up and walked away with a crushing sense that his cause was lost, and yet with an equal inability to give up fighting.
I will give you my horse, and you shall give me the silver; which will save you a great deal of trouble in carrying such a heavy load about with you.
Sometimes, knowing that in the dispensary they were worked off their legs and preferred to give the medicines which they had all ready, the good hospital mixtures which had been found by the experience of years to answer their purpose so well, he amused himself by writing an elaborate prescription.
Yes, that is just what I want to know," said the Duck; and she swam away to the end of the pond, and stood upon her head, in order to give her children a good example.