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What is a prime broker?

Anonymous

∙ 17y ago

Updated: 4/28/2022

A broker which acts as settlement agent, provides custody for assets, provides financing for leverage, and prepares daily account statements for its clients, who are money managers, hedge funds, market makers, arbitrageurs, specialists and other professional investors.

Wiki User

∙ 17y ago

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Continue Learning about Accounting

What is the abbreviation of broker?

BKGE

What is the primary source document for recording investing transactions?

Broker's advice. This document is issued by a broker and gives the exchange price of investing transactions.

Are broker fees taxable?

Yes, broker fees are generally considered taxable income. When a broker receives fees for their services, those fees are typically subject to income tax. Additionally, if the broker operates as a business, they may also have to pay self-employment taxes on this income. It's advisable for brokers to consult a tax professional to ensure compliance with tax laws.

What is the Difference between brokerage and commission?

difference between broker and commission agent

How long does a real esate broker have to keep records in VA?

3 years

Related Questions

What services does a prime broker offer?

A Prime Broker offers services such as Global custody, Financing, Securities Lending and Risk Management. You can learn more about Prime brokerage at the Wikipedia.

Function of broker?

role of broker

What is a e-broker?

e-broker

What is e broker?

e-broker

What is a e broker?

e-broker

What is E-Broker?

e-broker

How many pages does The Broker have?

The Broker has 368 pages.

What you name A Broker In sanskrit?

The transliterated feminine form for broker in Sanskrit is madhyavartinI. The masculine form of broker is madhyavartI. The Sanskrit word for 'bill broker' is vipatra-vaNik.

What is regulated broker?

A regulated broker is a broker that is listed in one or more of the regulatory bodies. A regulated broker is obligated to obey the restrictions and the limitations that are enforced by the regulatory body.

What kind of insurance is Broker Online?

There is no insurance company named "Broker Online." However, "The Broker Online" is the website of the Broker magazine, which covers news on globalization and economics.

Where do you go if you wish to enroll in a college savings plan?

a broker

Who is a sub broker?

A sub broker is intemediatery channel of Broker who serves the services of its broker to clients and gets some commission. Sub broker of stock market, commodity market currency ,IPO M.F , Insurance ,real estate etc

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