Search Elements:
- Taxonomy
- us-gaap
- Name
- FloorBrokerage
- Label
- Floor Brokerage
- Period Type
- duration
- Balance Type
- debit
- Type
- xbrli:monetaryItemType
- Definition
- Broker-dealers often use other brokers to execute trades on their behalf. The trading broker-dealer becomes a customer of the executing broker-dealer and pays a floor brokerage fee. Such fees are paid periodically either directly to the executing broker-dealer or through a clearing house.