Indication that the customer has revealed trading interest to multiple brokers and that the trade will take place with the firm having the highest bid or lowest offer. Antithesis of exclusive.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Describing a situation where an investor has indicated interest to many different brokers in buying or selling a security. An investor in competition will do business through the broker able to find the best price for the desired trade.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved