Guaranteed Introducing Broker

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Guaranteed Introducing Broker

A brokerage that does not actually handle transactions and for which a futures commodity merchant agrees to be responsible for all liabilities. In general, introducing brokers make recommendations while delegating the task of executing trades to a person or firm operating on a trading floor. Most of the time, an introducing broker must raise its own capital to do this, but a guaranteed introducing broker may pass off these expenses to the futures commodity merchant.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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