brokerage
noun
STOCK MARKET, FINANCE, COMMERCE uk/ˈbrəʊkərɪdʒ/ us [ C ] (also brokerage house)
an organization that buys and sells currency, shares, etc. For other people or organizations:
Several brokerages compete to match buyers and sellers of a given stock.
[ U ] (also broking)
the activity of buying and selling currency, shares, etc.:
Investors want the company to quit insurance brokerage and move into shipping services.
[ C or U ]
the amount of money that a broker charges:
They charged brokerage of around 10%.
See also
discount brokerage
full-service brokerage
online brokerage