- The fee paid to a floor broker for executing orders. May be a flat amount or a percentage; also referred to as a commission. Chicago Mercantile Exchange Glossary————Commission charges payable on securities transactions. Dresdner Kleinwort Wasserstein financial glossary
* * *brokerage bro‧ker‧age [ˈbrəʊkərɪdʒ ǁ ˈbroʊ-] noun FINANCE1. [countable] also brokerage house ORGANIZATIONS an organization of brokers:
• The credibility of a brokerage or bank can disappear overnight, and when it does, so does the firm.ˈdiscount ˌbrokerage[countable] FINANCE ORGANIZATIONS a brokerage that buys and sells investments for its clients, without offering them investment adviceˌfull ˈservice ˌbrokerage FINANCE ORGANIZATIONS[countable] a brokerage that offers investment advice:
• full-service brokerage firms such as Merrill Lynch & Co. which, unlike the discounters, provide investment advice and research along with tradingˌonline ˈbrokerage FINANCE[countable] a brokerage that allows clients to buy and sell investments over the Internet2. [uncountable] the work done by brokers:
• Its basic business of retail brokerage is slow.
• The electricity company saved $520,000 in brokerage fees by selling the bonds directly to investors.
* * *The commission or fee charged by a broker. In the US, this term is commonly used to refer to a brokerage firm.
* * *brokerage UK US /ˈbrəʊkərɪdʒ/ noun STOCK MARKET, FINANCE, COMMERCE► [C] (also brokerage house) an organization that buys and sells currency, shares, etc. For other people or organizations: »
Several brokerages compete to match buyers and sellers of a given stock.► [U] (also broking) the activity of buying and selling currency, shares, etc.: »
Investors want the company to quit insurance brokerage and move into shipping services.► [C or U] the amount of money that a broker charges: »
They charged brokerage of around 10%.→ See also DISCOUNT BROKERAGE(Cf. ↑discount brokerage), FULL-SERVICE BROKERAGE(Cf. ↑full-service brokerage), ONLINE BROKERAGE(Cf. ↑online brokerage)
Financial and business terms. 2012.