step-out trading

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.
References in periodicals archive ?
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.