exchange acquisition

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Exchange Acquisition

A trade in which a number of small sell orders are placed together and executed in order to fill a single, very large buy order. An exchange acquisition may create the appearance of a single trade (indeed, it is reported as such), but in fact it is the result of a streamlining process whereby a broker makes what would have been smaller trades at once. The broker receives a special commission for making an exchange acquisition. See also: Block.

exchange acquisition

The filling of a large buy order on the floor of an exchange in which a member solicits numerous sellers whose orders are then lumped together. This group of transactions is reported as a single transaction. Compare exchange distribution. See also special bid.
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On this background, the National Bank of Romania may bolster its reserves by foreign exchange acquisitions, to reimburse some of the public debt, according to Pal.