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broker-neutral

English translation: independent of individual brokerage firms

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20:04 Jul 3, 2003
English to English translations [PRO]
Bus/Financial
English term or phrase: broker-neutral
We operate one of the largest *broker-neutral* order routing networks

Thank you!
Laura
Laura Vinti
United States
Local time: 04:16
English translation:independent of individual brokerage firms
Explanation:
The purpose of an order-routing network is to enable customers to enter orders themselves, without having to ring a broker. In conjunction with electronic trading platforms and integrated clearing systems, order routing permits "straight-through processing", i.e. order execution and subsequent trade clearing/settlement without manual intervention.

Order routing networks can be proprietary platforms operated by single financial services providers (examples are Deutsche Bank's "Autobahn" system, or the original Citibank "Cats OS" warrant trading platform), or they can be independent, linking several brokers: Reuters' Bridge subsidiary or GLtrade are examples for this type of system.
Selected response from:

Ralf Lemster
Germany
Local time: 10:16
Grading comment
Thank you very much for your prompt and informative answer!
Laura
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +2independent of individual brokerage firms
Ralf Lemster


  

Answers


12 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
independent of individual brokerage firms


Explanation:
The purpose of an order-routing network is to enable customers to enter orders themselves, without having to ring a broker. In conjunction with electronic trading platforms and integrated clearing systems, order routing permits "straight-through processing", i.e. order execution and subsequent trade clearing/settlement without manual intervention.

Order routing networks can be proprietary platforms operated by single financial services providers (examples are Deutsche Bank's "Autobahn" system, or the original Citibank "Cats OS" warrant trading platform), or they can be independent, linking several brokers: Reuters' Bridge subsidiary or GLtrade are examples for this type of system.


    Reference: http://www.about.reuters.com/products/bridgetrading/
Ralf Lemster
Germany
Local time: 10:16
Native speaker of: German
PRO pts in pair: 377
Grading comment
Thank you very much for your prompt and informative answer!
Laura

Peer comments on this answer (and responses from the answerer)
agree  Terry Burgess
20 mins

agree  airmailrpl
10 hrs
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