contra broker investment & finance definition
The broker on the opposite side of a transaction. To a broker acting as an agent to buy, the contra broker is the selling broker.
Contra brokers are brokers who are associated with the opposite end of any type of investment transaction. Essentially, the contra broker is the mirror image of the broker who is initiating a transaction on behalf of a given investor.
Contra broker
The broker on the buy side of a sell order or the sell side of a buy order.
Crossings.
All or None Blocks.
Block trades, as they are already negotiated trades, must be entered with the contra broker IDs. Until both sides of the order with corresponding contra brokers have been entered, the block trade is deemed inactive.
Comparison - The process by which two contra brokerage firms in a trade agree to the terms of the transaction. Comparison can be either through a clearing corporation or on a trade-for-trade basis (that is, ex the clearing corporation).
contra broker The broker on the buy side of an order to sell or on the sell side of an order to buy. Contra Market In opposition to the direction of the market as a whole.A position is contra...
 See also: Action, Broker, Transaction, Investment, Close
  
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