Risk glossary

 

Introducing broker

Any person who is engaged in soliciting or in accepting orders for: the purchase or sale of any commodity for future delivery, security futures product or swap; any commodity option authorised under Section 4c of the US Commodity Exchange Act; and any leveraged transaction authorised under Section 19 of the US Commodity Exchange Act, who does not accept any money, securities or property (or extend credit in lieu thereof) to margin guarantee or secure any trades or contracts that result or may result there from. Associated persons and futures commission merchants are not introducing brokers.

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