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.

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.

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.
References in periodicals archive ?
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.
mainly for the businesses of trading authorization and clearance.