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In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction within the firm. Although a listed trade must be taken to the floor of the stock exchange, matching supply with demand within the confines of the firm results in higher commissions for the firm.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


1. The business practice of implementing a certain project, sometimes outside a company's specific expertise, using the company's own staff and resources.

2. In hiring practices, referring to the promotion of a company worker to a higher position rather than finding someone outside the company to fill the vacancy. See also: Outsourcing.
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