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Executing broker: Difference between revisions
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{{a|brokerage|}}To be contrasted with a {{tag|prime broker}}, an executing broker is a good old fashioned share [[broker]] (or [[dealer]]), who accepts (or [[broker-dealer]]) orders from clients to buy or sell [[securities]]. It may act as [[agent]], [[principal]], or [[riskless principal]], and you may lose many hours of your life to the fruitless quest for knowledge should you enquire as to what the difference is between these statuses, and why it should matter. | |||
Do you want to know what the difference between a broker, a dealer, and a broker-dealer is? You do, don’t you. You’d be disappointed if you found out. But find out you can, by clicking here - at your own risk of disappointment. | Do you want to know what the difference between a broker, a dealer, and a broker-dealer is? You do, don’t you. You’d be disappointed if you found out. But find out you can, by clicking here - at your own risk of disappointment. | ||
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*'''[[Give-up]]s''': How a trade is executed may have an impact on how it is given up. | *'''[[Give-up]]s''': How a trade is executed may have an impact on how it is given up. | ||
===Synthetic equity=== | ===[[Synthetic equity]]=== | ||
The difference between a cash trade and an equity bought “[[on swap]]” - also known as a “[[contract for differences]]” or “[[CFD]]”. This is particularly important for tax purposes. | The difference between a cash trade and an equity bought “[[on swap]]” - also known as a “[[contract for differences]]” or “[[CFD]]”. This is particularly important for tax purposes. | ||
{{sa}} | |||
*{{tag|prime broker}} | *{{tag|prime broker}} | ||
*[[agency]] | *[[agency]] | ||
*[[principal]] | *[[principal]] | ||
*[[riskless principal]] | *[[riskless principal]] | ||