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Give up: Difference between revisions
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'''Never''' surrender. | '''Never''' surrender. | ||
[[File:Rickroll.jpg|thumb|right|Never gonna give you up]] | |||
A [[give up]] is in practical theory an arrangement whereby a pending trade between a [[hedge fund]] and an [[executing broker]] - be it a [[derivative]] or for a [[cash trade]] - is “given up” by the hedge fund to its [[prime broker]], who accepts the fund's contract with the executing broker on condition that it can put on an economically identical off-setting transaction with the hedge fund. | A [[give up]] is in practical theory an arrangement whereby a pending trade between a [[hedge fund]] and an [[executing broker]] - be it a [[derivative]] or for a [[cash trade]] - is “given up” by the hedge fund to its [[prime broker]], who accepts the fund's contract with the executing broker on condition that it can put on an economically identical off-setting transaction with the hedge fund. | ||