Carrying Broker

Carrying Broker

1. A member of a commodity exchange who provides clearing services for other members or brokers. A carrying broker does this in addition to his/her other duties as a member of the exchange in return for a fee.

2. A broker who, in exchange for a fee, performs the duties of other brokers who may be overworked or are otherwise unable to fill an order.
References in periodicals archive ?
There has always been a need for a strong independent Carrying Broker in Canada and we believe that by bringing these accounts to Fidelity directly, our team is acting in the best interest of our clients.
Carrying broker PFSC generated 12-month trailing net revenues of CAD46m (USD45m/EUR34.
A bank may only rely on this exception if it does not act in a trustee or fiduciary capacity, and complies with the SEC's guidance regarding carrying broker activities.
Form Custody requires the introducing broker/dealer to identify all carrying brokers to which their customers are introduced on a fully disclosed, as well as an omnibus, basis.