give up

Used for listed equity securities. (1) Term used in a securities transaction involving three brokers, as follows: Broker A, a floor broker, executes a buy order for broker B ( a member firm broker who has too much business at the time to execute the order). The broker with whom broker A completes the transaction (the sell-side broker ) is broker C. Broker A "gives up" the name of broker B, so that the record shows a transaction between broker B and broker C even though the trade is actually executed between broker A and broker C; (2) distribution of commissions to brokerage houses not participating in a trade. This is a grey area of the law governing reimbursement of a broker for services ( e.g., research). See: Directed brokerage. Bloomberg Financial Dictionary

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An order to be given to another member firm in clearing system, an allocation. An order executed by clearing firm A and given to clearing firm B where it will be cleared and processed. Give-up order indicator of " GU" is populated in F-Ex field. Chicago Mercantile Exchange Glossary

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UK US give up

— Phrasal Verb with give({{}}/ɡɪv/ verb [I or T] (past tense gave, past participle given)

► to stop trying to do something before you have finished, usually because it is too difficult: »

She has a struggle trying to persuade the board to accept her proposal, but she's determined not to give up.