trading authorization

Trading authorization

A document (power of attorney) a customer gives to a broker in order that the broker may buy and sell securities on behalf of the customer.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Trading Authorization

A document giving another party the ability to make trades of securities and/or derivatives on one's behalf. Generally speaking, one gives trading authorization to a broker, but theoretically, one may give it to someone else. See also: Discretionary Account.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

trading authorization

A written document that gives another party the power to enter orders for an investor's account. The other party may be an employee of the broker-dealer handling the account, a spouse, or someone else designated by the client in the trading authorization.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
The most critical differences relate to trading authorization, the standard of care owed by the financial professional to the customer, and the manner in which the financial professional will be compensated.
They are a living challenge to all of us to rethink the way we do business." And he goes on to cite data on the exploding use of the Internet and cellphones, and the mobile apps to use them in the securities business, including electronic trading authorization.
The revised measures allow domestic credit-card institutions to obtain the regulator's approval for engaging in credit-card or debit-card dealings with China UnionPay Co., Ltd., mainly for the businesses of trading authorization and clearance.