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Agency basis

• A means of compensating the broker of a program trade solely on the basis of commissionestablished through bids submitted by various brokerage firms. Agency incentive arrangement. A means of compensating the broker of a program trade using benchmark prices for issues to be traded in determiningcommissions or fees.

 
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 Agency
Basis
Benchmark
Broker
Prices
Trade
 
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Discovery consists of looking at the same thing as everyone else does and thinking something different. - Albert Szent-Gyorgyi, 1937 Nobel Prize in Physiology and Medicine

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