Indirect Bucketing
Definition
Also referred to as Indirect Trading Against. Refers to when a floor broker effectively trades opposite his customer in a pair of non-competitive transactions by buying (selling) opposite an accommodating trader to fill a customer order and by selling (buying) for his personal account opposite the same accommodating trader. The accommodating trader assists the floor broker by making it appear that the customer traded opposite him rather than opposite the floor broker.
Related Terms Other terms related to 'Indirect Bucketing' starting with the letter 'I' International Swaps and Derivatives Association ISDA, Initial Margin, Implied Repo Rate, Intracommodity Spread, Index Arbitrage Browse by Letter » A B C D E F G H I J K L M N O P Q R S T U V W Y Z
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