Internalisation

From ACT Wiki
Revision as of 11:54, 29 March 2013 by imported>Doug Williamson (Added term as suggested by John Grout)
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigationJump to search

The practice where customer trades are executed internally within a brokerage or through intermediaries rather than through an exchange. The brokerage keeps any money it may make on the spread (the difference between the purchase price and the sale price ).

See also