agency trade

Definition

A trade on a stock market that is initiated by an agency for its client. This may come in the form of a direct order from the client or the agency may execute trades at their own discretion if the client agrees to this. The client may be charged a nominal fee for each agency trade that is completed.

Use agency trade in a sentence

You may want to shop around to make sure that you are getting the best price you can on any agency trade.

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The agency trade that Brad conducted was certainly a difficult transaction, but he knew his client would be overjoyed with the results.

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Because I'm often too busy to execute orders in a timely fashion, I rely heavily on my financial advisor to execute agency trades on my behalf.

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