82,891
edits
Template:Unallocatedtrades: Difference between revisions
Template:Unallocatedtrades (view source)
Revision as of 16:53, 14 September 2016
, 14 September 2016no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
[[Asset manager]]s will often proudly declare that at no time, in no circumstances, can they ever be | [[Asset manager]]s will often proudly declare that they act as [[agent]]: at no time, in no circumstances, can they ever be principally liable for transactions they instruct on behalf of their clients. as a general proposition you can see what they're trying to say but it isn't quite that straightforward. | ||
Where the [[manager]] instructs the transaction first and allocates it to a given client later — which is usually how managers like to carry on — this puts a [[dealer]] in an invidious position in between times. For a [[dealer]] cannot reject a trade against the street once it has executed it. | Where the [[manager]] instructs the transaction first and allocates it to a given client later — which is usually how managers like to carry on — this puts a [[dealer]] in an invidious position in between times. For a [[dealer]] cannot reject a trade against the street once it has executed it. | ||