brokerage brokerage  /b ˈroʊ kə rɪdʒ/

Definition(s):

  1. (n) a stock broker's business; charges a fee to act as intermediary between buyer and seller
  2. (n) the business of a broker; charges a fee to arrange a contract between two parties
  3. (n) place where a broker conducts his business

Usage(s):

  1. In his biggest caper, Kott's brokerage customers lost as much as $400 million.
  2. While many other boutique brokerage firms sold out to larger firms, Madoff Securities stayed a family business.
  3. For all this help, some weaker brokerage houses are still likely to go under.

News

  1. Real Estate Companies' Touchscreen Windows Keep Customers "In Touch" With Listings

    Some brokerage firms are using touchscreen technology in their storefronts to allow passersby on the street to easily flip through listings.
    on June 17, 2013     Source: NY1 News

  2. ASEAN Market Review: Bank of Indonesia Unexpectedly Raises Rate to Curb Outflow

    In FXPRIMUS' ASEAN Market Review for 14 June, the brokerage firm highlights BI's raising of interest rates.
    on June 17, 2013     Source: Marketwired via Yahoo! Finance

  3. Brokerage Lockton opens Boston office

    Brokerage Lockton Cos. L.L.C. has expanded its commercial insurance operations by opening an office in Boston.The expansion “furthers our goal of providing a significant global insurance advisory alternative to middle-market and multinational companies seeking insurance and employee benefits
    on June 14, 2013     Source: Business Insurance

Quotes

  1. "The Bear Stearns merger provides a unique opportunity to enhance our ability to serve clients by adding new capabilities in prime brokerage and clearing and by improving strength in equities, mortgage trading, commodities and asset management,"...
    on Apr 16, 2008 By: Jamie Dimon Source: TheStreet.com

  2. F. Michael Crowley, President and Chief Operating Officer of HRH, said, "Joining these two great companies is a major step forward in achieving our shared vision of being the best insurance brokerage company in the world. Our companies share the...
    on Jun 8, 2008 By: Michael Crowley Source: WELT ONLINE

  3. "Presumably they've signed off on about two-thirds of it because those are classified as spending reductions," says Grassley. "About one-third of ours deals with stock brokerage reporting that would raise some revenue. I hope we can get the...
    on Apr 15, 2008 By: Charles Grassley Source: Farm Futures

Word of the Day
pivotal pivotal
/ˈpɪ və təl /