Primarily on commodity exchanges in the U.S., an order executed by one broker for the client of another broker. After the order is filled, the transaction is returned to the regular broker; only the latter settles with his client. – See churning, kick back, snake trading.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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