step-out trading

Definition

A transaction in which a brokerage firm shares the commission with another firm. Step-out trading may occur if one broker provides assistance to another in executing a trade.

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You should try and figure out the best way to use step-out trading to get the most out of your time.

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The step-out trading arrangement occurred because of the teamwork that took place in setting up the business deal that included the transaction in question.

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Larry and Adrian's fraternity connection that blossomed into a genuine friendship going into adulthood was useful for their brokerage firms as well, and the two often helped each other with trades in step-out trading.

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