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English to Arabic translations [PRO]
Bus/Financial - Investment / Securities | | English term or phrase: Agency Cross | | A transaction whereby the same broker acts as agent for both sides (buy and sell) of the trade. As long as the broker first offers the securities publicly at a price higher than the bid, the practice is legal. |
| | | وكالة مزدوجة، وكالة تتعامل في البيع والشراء | Explanation:
Agency cross is:
A trade that has only one agent acting for the buyer and seller. Also known as "Dual Agency."
Agency crosses occur when a broker receives perfectly offsetting trades simultaneously. The broker must send down the orders to the trading floor, announce the bid and manually cross the trades after no better bid is made.
HTH
Dikran
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Dikran
Local time: 16:39
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| Changes made by editors |
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| Jan 19, 2006 - Changes made by Fuad Yahya: | | Level | Non-PRO => PRO | | Jan 19, 2006 - Changes made by Fuad Yahya: | | Field (write-in) | Investment => (none) |
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