Warning: Creating default object from empty value in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/plugins/independent-core/admin/ReduxCore/inc/class.redux_filesystem.php on line 29 Name Passing – Fincyclopedia
[wpdreams_ajaxsearchpro id=44 ]
  • Monday, April 28, 2025
  • The Financial Encyclopedia
[wpdreams_ajaxsearchpro id=43 ]

Exchanges

  Exchanges   |   Terms
  • 461
  • August 26, 2022
[addtoany]
Notice: Undefined variable: myString in /hermes/bosnacweb04/bosnacweb04ai/b1550/ipg.lantanasolutionsbh98965/fincyclopedia/wp-content/themes/independent/template-parts/post/content-single.php on line 41

Name Passing

The role that is assumed by a name-passing broker where quotes are supplied on request to counterparties to bilateral transactions in order to forge or enter into bilateral contracts. Therefore, as name passing does not involve execution of transactions (that is, orders are not received and transmitted for execution, and therefore best execution is neither sought nor applicable in such name-passing markets.

Given the fact that the final details of a transaction/ trade are agreed between the two counterparties, name passing is mostly about concluding agreements. In other words, brokers do not execute trades/ order, but rather quote prices. In performing their intermediary role, such brokers do not have any contractual or agency duties/ obligations towards a transaction’s counterparty.


[related_posts_by_tax title="See also" posts_per_page="10" taxonomies="post_tag"]

[pt_view id=7e98706jho]
[su_box title="Watch on Youtube" style="soft" box_color="#f5f5f5" title_color="#282828" radius="2" class="" id=""][su_row class=""][su_column size="1/1" center="yes" class=""] [/su_column][/su_row][/su_box]

Latest Terms

Remember to read our privacy policy before submission of your comments or any suggestions. Please keep comments relevant, respectful, and as much concise as possible. By commenting you are required to follow our community guidelines.

Comments

    Leave Your Comment

    Your email address will not be published.*