clearing broker

Definition

A broker who specifically mediates the transactions between an investor and a clearing corporation. As with any other broker, a clearing broker would make sure that a transaction is completed fairly for both parties. Clearing brokers are also available to provide the investor or corporation with any information they may require regarding the transaction.

Use clearing broker in a sentence

You may want to try and bring on a clearing broker if you think they can make things go more smoothly.

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The clearing broker was really cool and I was really happy to be working with them and making things happen for us.

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The clearing broker was very busy with the great influx in trading and he did not know if he could beat the deadlines on them all.

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clearing bank clearing margin