Exclusive


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Exclusive

In the context of general equities, having sole possession of the customer order/indication; not in competition with other dealers.

Exclusive

Describes a broker-dealer who has a client's order or indication of interest without competing with other broker-dealers. That is, an exclusive broker-dealer is not competing for a better commission or anything else with other broker-dealers.
References in periodicals archive ?
Spinola, "Clearly, an open system of exchange makes the industry more efficient because brokers will spend less time looking for exclusive listings, and more time closing deals.
Exclusive Resorts has one of the largest portfolios of properties.
Accordingly, there would be no UBIT consequences from those schools when entering into an exclusive provider arrangement.
In fact, says Pinker, exclusive language is already becoming archaic, soon it may even sound barbaric.
When an exempt organization agrees to perform substantial services in connection with an exclusive provider arrangement, income received by the organization may be includible in UBTI.
200 Million of Preferred Equity Financing--Premier Manhattan Office Building--Carlton, as exclusive advisor to a developer, is in the process of arranging preferred equity financing for a premier 2-million-square-foot office building situated in a prime area of Manhattan.
513-4(c)(2)(v) distinguishes between two types of exclusivity arrangements: exclusive sponsor arrangements and exclusive provider arrangements.