Introducing Broker or IB definition
Introducing Broker or IB means a Partner that commonly solicits Clients through Offline channels. ‘Master IBs’ are
Introducing Broker or IB means a person or entity that enters into an affiliation/ partnership with the Company; through which the IB will be remunerated on the basis of Section 8 of this agreement. Electronic Trading Platform(s): Shall mean the online electronic trading platform(s) that is/are made available by the Company to its IB’s introduced Clients for placing Orders, requesting Price Quotes for Transaction(s) and/or Contract(s): receiving price information and market related laws as well as having a real-time revaluation of their open positions, through the Internet, where Transactions and/or Contracts in Financial Instruments can be processed through deal Requests and Deal Responses, Settlement Trade Confirmations can be issued, Accounts can be managed and historical data can be stored and managed. Authorization: Shall mean the Authorization entered into by and between THE COMPANY and the IB and which will come into force on the Effective Date mentioned in the present Agreement. The IB hereby obtains the Authorization to actively and effectively market and promote the Company through the IB Website(s) and/or other referral platforms. Link: It is a code used to re-direct potential Clients from the IB’s website to the Company’s website. Lot: It is a term to define a quantity, in units, for each instrument traded. IB Website(s): Shall mean the internet website(s) operated by the IB which shall contain the Link.