Institutional Broker Law and Legal Definition
Institutional broker means a broker who buys and sells securities for institutional clients such as banks, mutual funds, pension funds, and insurance companies. Since institutional brokers trade for larger volumes of securities, the commission fees charged by institutional brokers are less when compared to retail brokers. Although the commission received by an institutional broker is small, it will add up to a significant amount, because they generally specialize in investors such as hedge funds and banks.
Legal Definition list
- Institution-Affiliated Organization
- Institution Of Vocational Education
- Institution of Undergraduate Higher Education
- Institution of Professional Education
- Institution of Postsecondary Education [Education]
- Institutional Broker
- Institutional Fund
- Institutional Grant [Education]
- Institutional Investor
- Institutional Meat Purchase Specifications [IMPS]
- Institutional Payment [Education]
Related Legal Terms
- Affiliate of a Futures Commission Merchant, Commodity Trading Advisor, Commodity Pool Operator or Introducing Broker
- Area Management Broker [AMB]
- Associated Person of a Broker or Dealer
- Association for Institutional Research [AIR]
- At Risk for Institutional Placement
- Automated Broker Interface
- Broker (Health Care)
- Broker for Sale
- Broker or Dealer
- Broker's Lien
