Clearing Broker means DriveWealth, LLC.
Clearing Broker means a Clearing Participant who has entered into a Clearing Brokerage Agreement with a Customer;
Clearing Broker means an intermediary with responsibility to reconcile trade orders between transacting parties. Typically, the clearing broker validates the availability of the appropriate funds, ensures the delivery of the securities in exchange for cash as agreed at the point the trade was executed, and records the transfer;
Examples of Clearing Broker in a sentence
The Trading Advisor shall receive copies of all daily and monthly brokerage statements for the Company directly from the Clearing Broker.
Even if such floor brokers receive the Manager’s consent to execute trades on behalf of the Company, all such trades will be “given-up” to be carried by the Clearing Broker.
The Trading Advisor will not, without the consent of the Manager, trade on a “give up” basis through floor brokers not associated with the Clearing Broker.
Such floor brokers shall “give up” all trades on behalf the Company to the Clearing Broker for clearance.
The Clearing Broker and the Forwards Currency Broker collectively will be referred to as the Brokers.
More Definitions of Clearing Broker
Clearing Broker means UBS Securities LLC, an affiliate of the Sponsor and the sole clearing broker for each of the Trading Funds, or any other Person as may be selected by the Sponsor to act as the clearing broker for any of the Trading Funds.
Clearing Broker means UBS Securities LLC or such other person for the time being appointed by the Master Fund as its clearing broker.
Clearing Broker means the party that maintains a clearing account for you or, as the case may be, the Executing Broker and to which the positions resulting from Orders executed by an Executing Broker pursuant to services provided under this Agreement ultimately are given up;
Clearing Broker means, as far as trading of Foreign Securities is concerned and where appropriate, any clearing broker as may from time to time be engaged by the Bank in providing clearing and other services relating to the Securities or the One Account;
Clearing Broker means a broker-dealer that has entered into an omnibus clearing arrangement with the Introducing Broker under which Clearing Broker clears your transactions on an omnibus basis.
Clearing Broker. Contact Person: Xxxx Xxxx...............Telephone No: 0000 000 0000 OR TO SUCH OTHER CONTACT PERSON AS A PARTY MAY DESIGNATE FROM TIME TO TIME. 14 Executing Broker will, where applicable, bill commissions in the amount of [ ] contract per side to: [ ] Customer [ ] Clearing Broker Customer's Account Reference at Clearing Broker: [ ] 15 WITH REGARD TO TRANSACTIONS EXECUTED ON THE EUREX, EXECUTING BROKER SHALL BE RESPONSIBLE FOR THE ENFORCEABILITY OF FORWARD TRANSACTIONS IN ACCORDANCE WITH SECTION 53 OF THE GERMAN EXCHANGE ACT (BORSENGESETZ) AS WELL AS FOR THE FULFILMENT OF THE RELEVANT DUTIES TO DISCLOSE ANY RISKS AND TO ADVISE CUSTOMER, IF ANY. FURTHER, WITH REGARD TO TRANSACTIONS EXECUTED ON THE EUREX, THE FOLLOWING PROCEDURE WILL BE UTILISED FOR BOOKING TRANSACTIONS EXECUTED BY EXECUTING BROKER: (a) EXECUTING BROKER SHALL REPORT TO CLEARING BROKER EACH TRANSACTION RESULTING FROM AN ORDER OF THE 52 SLK Global Markets Ltd <PAGE> CUSTOMER WHICH IS DESIGNATED FOR TAKE-UP BY EITHER:- (I) INDICATING TO CLEARING BROKER SIMULTANEOUSLY WITH THE ENTRY OF THE ORDER INTO THE EUREX SYSTEM THAT THE TRANSACTION IS DESIGNATED FOR TAKE-UP BY THE CLEARING BROKER; OR (II) INDICATING THE INTENDED TRANSFER OF THE TRANSACTION TO THE CLEARING BROKER NOT LATER THAN 30 MINUTES AFTER THE TRANSACTION HAS BEEN MATCHED (b) NOTWITHSTANDING PARAGRAPH (a) ABOVE, EXECUTING BROKER SHALL INDICATE TO CLEARING BROKER THE TRANSACTION IN NO EVENT LATER THAN THE END OF THE TRADING PERIOD OF THE RELEVANT SERIES OR MATURITY MONTHS OF THE PRODUCT CONCERNED. (c) CLEARING BROKER SHALL NOT BE OBLIGED TO TAKE UP SUCH TRANSACTIONS WHICH HAVE NOT BEEN INDICATED IN GOOD TIME PURSUANT TO PARAGRAPHS (a) AND (b) ABOVE.
Clearing Broker means ED & F Man Capital Markets Limited.