give-up


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Give Up

For a broker to execute an order on behalf of another broker. Giving up occurs as a professional courtesy when a broker receives an order from a client that he/she is too busy to execute. It is important to note that the broker who receives the order, rather than the broker who conducts the transaction, is the one who earns the applicable commissions and fees. The term originates from the fact that the broker who executes the transaction must "give up" the commission to other broker.

give-up

1. A prohibited practice in which a large investor would direct that a portion of the commission charged in a security trade be handed over to another broker. Give-ups were popular when commission rates were fixed and when large trades produced artificially high commissions that were transferrable to firms that provided the investor with valuable services such as research information.
2. The reduction in yield when a bond position is swapped for bonds with a lower coupon.
References in periodicals archive ?
This result is even more apparent if give-ups are excluded.
Traiana's FX Prime Brokerage solution, based on Traiana TRM and the Traiana Harmony service for automating prime brokerage give-ups, is in use today by leading banks to deliver streamlined, exception-based trade processing combined with superior client service, trading partner integration and real-time reporting.
Traiana's FX Prime Brokerage solution, based on Traiana TRM(TM) and the Traiana Harmony(TM) service for automating prime brokerage give-ups, is in use today by leading banks to deliver streamlined, exception-based trade processing combined with superior client service, trading partner integration and real-time reporting.
The statements of US leadership have also tried to eulogize leadership of the Army and tried to just give-ups military leadership against civil government, he said.
What will it cost you in terms of interest expense, equity give-ups, covenants, restrictions, etc.