# Broker

- Canonical URL: https://www.gerhardmerk.de/broker
- Post ID: 587646
- Modified: 2023-07-25T21:01:09+00:00
- Language: en

## Definition

In the broadest sense, a term for an intermediary who receives and balances buy and sell orders on the exchange: who executes buy or sell orders for customers on the exchange (any person who, in or surrounding any pit, ring, post, or other place provided by a contract market for the meeting of persons similarly engaged, shall purchase or sell for any other person any commodity for future delivery, security futures product, or swap; or any commodity option). In the narrower sense, in Germany, a publicly appointed person who is responsible for price fixing on the official market at the stock exchange, then also called a price broker. - In the USA, brokers are also referred to differently depending on the type of stock exchange, for example - Account Executive (AE), - Associated Person (AP: an individual who solicits or accepts orders, discretionary accounts, or participation in a commodity pool, or supervises any individual so engaged, on behalf of a futures commission merchant, a commodity trading advisor, a commodity pool operator, or an agricultural trade option merchant), - Registered Commodity Representative (RCR); as a rule, they must first submit to arbitration in the event of disputes; their respective duties are precisely defined in the relevant exchange rules. - In Germany, off-exchange transactions (all transactions that are not included in the order book of a price broker or a lead broker and thus do not result in a stock exchange price) of a broker are also subject to supervision by the Federal Financial Supervisory Authority. - See watch list, stock exchange work booths, stock exchange visitors, misstatement, money pool, commission house, card stack, backdrop, price broker, kuxkränzler, local, broker, market, official, over-the-counter trading, ragion book, sanction committee, lead broker, Springer. - Cf. on supervisory law the respective annual report of BaFin. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1