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Quantitative Finance · Glosario

¿Qué es Agency portfolio trade, risk bid?

También llamado: agency portfolio trade · risk bid

Definition 22.1 Microstructure and Execution · Capítulo 22 — Portfolio Trades and Risk Bids

An agency portfolio trade executes a list of orders for a client as agent, the client bearing the costs and the risk and paying a commission. A risk bid is a principal price for the whole list: the broker buys (or sells) every position at an agreed benchmark, usually the close, less a discount, and bears the cost and risk of unwinding them.

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