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Agency Cross

Arabic translation: صفقة ذات سـمسار مشـترك، صفقة مشـتركة السـمسرة

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Agency Cross
Arabic translation:صفقة ذات سـمسار مشـترك، صفقة مشـتركة السـمسرة
Entered by: Fuad Yahya

22:50 Sep 21, 2002
English to Arabic translations [PRO]
Bus/Financial - Investment / Securities
English term or phrase: Agency Cross
A transaction whereby the same broker acts as agent for both sides (buy and sell) of the trade. As long as the broker first offers the securities publicly at a price higher than the bid, the practice is legal.
Amer al-Azem
Palestine
Local time: 15:24
وكالة مزدوجة، وكالة تتعامل في البيع والشراء
Explanation:
Agency cross is:
A trade that has only one agent acting for the buyer and seller. Also known as "Dual Agency."

Agency crosses occur when a broker receives perfectly offsetting trades simultaneously. The broker must send down the orders to the trading floor, announce the bid and manually cross the trades after no better bid is made.


HTH

Dikran
Selected response from:

Dikran
Local time: 08:24
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +1وكالة مزدوجة، وكالة تتعامل في البيع والشراء
Dikran
5وكالة ثنائية الجانب
Saleh Ayyub
5صفقة ذات سـمسار مشـترك، صفقة مشـتركة السـمسرة
Fuad Yahya


  

Answers


1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
وكالة مزدوجة، وكالة تتعامل في البيع والشراء


Explanation:
Agency cross is:
A trade that has only one agent acting for the buyer and seller. Also known as "Dual Agency."

Agency crosses occur when a broker receives perfectly offsetting trades simultaneously. The broker must send down the orders to the trading floor, announce the bid and manually cross the trades after no better bid is made.


HTH

Dikran



    Reference: http://www.investopedia.com/terms/a/agencycross.asp
Dikran
Local time: 08:24
Native speaker of: Native in ArabicArabic, Native in ArmenianArmenian
PRO pts in category: 28

Peer comments on this answer (and responses from the answerer)
agree  Maha Abu El Ella
4 hrs
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10 hrs   confidence: Answerer confidence 5/5
وكالة ثنائية الجانب


Explanation:
ٌ ref. personal experience

Saleh Ayyub
New Zealand
Local time: 00:24
Works in field
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
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11 hrs   confidence: Answerer confidence 5/5
صفقة ذات سـمسار مشـترك، صفقة مشـتركة السـمسرة


Explanation:
The term refers to the transaction, not to the broker. The transaction has one broker, who plays both sides (hopefully legally).


Fuad

Fuad Yahya
Native speaker of: Native in ArabicArabic, Native in EnglishEnglish
PRO pts in category: 32
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