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Where an [[manager|investment manager]] acts as {{tag|agent}} on behalf of a portfolio of clients, in placing transactions with its [[broker]], [[dealer]], or [[broker-dealer]], it will usually do this in bulk before it notifies the [[dealer]] which transactions should be allocated to which client | Where an [[manager|investment manager]] acts as {{tag|agent}} on behalf of a portfolio of clients, in placing transactions with its [[broker]], [[dealer]], or [[broker-dealer]], it will usually do this in bulk before it notifies the [[dealer]] which transactions should be allocated to which client. | ||
{{unallocatedtrades}} | {{unallocatedtrades}} |