Introducing Broker (IB)
A futures broker who has a direct relationship with a client, but delegates the work of the floor operation and trade execution to another futures merchant. The merchant firm is usually a close partner of the IB. Investopedia Says:
This is done to increase efficiency and lower the work load for futures brokers. It allows the IB to focus on the client while the futures merchant focuses on trading floor operations. Related Terms:
Brokerage
Futures Investment Bank (IB)
A financial intermediary that performs a variety of services. This includes underwriting, acting as an intermediary between an issuer of securities and the investing public, facilitating mergers and other corporate reorganizations, and also acting as a broker for institutional clients. Investopedia Says:
The role of the investment bank begins with pre-underwriting counseling and continues after the distribution of securities in the form of advice. Related Terms:
3-6-3 Rule
Gray List
Investment Banker
Lead Underwriter
Nominated Advisor - NOMAD
Pathfinder Prospectus
Permissible Non-Bank Activities
Private Banking
Teaser
Underwriting |