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.
As Canada's leading independent carrying broker, Penson offers custom, service-focused solutions that are both innovative and economically attractive.
NASDAQ: PNSN) group of companies and a leading independent Canadian carrying broker, announced it has entered into an agreement with Fidessa Canada corporation (Fidessa), part of Fidessa group plc (LSE: FDSA) a leading provider of high-performance trading, market data and global connectivity solutions for the buy-side and sell-side.
We are confident that our clients will be extremely pleased with the full range of offered services and we look forward to working with Penson as our carrying broker to grow our business in the Canadian marketplace.
As a leading Canadian carrying broker, we have an absolute need to receive high quality, fast and accurate corporate actions for Canadian securities, as well as securities in the U.
Corcoran said that at RJO, for example, the firm has up to 70 different accounts with banks, carrying brokers and exchanges in the United States and abroad.
We support trading on almost all domestic and foreign exchanges either through our direct clearing memberships or through various relationships we maintain with carrying brokers.