Carrying Broker
A term used to refer to a commodities exchange member who elects to clear trades on behalf of another party.
Investopedia Commentary
Usually a futures commission merchant, a carrying broker is generally a large player in the commodities markets who is able to provide services to the smaller participants.
Related Links
Brokers and Online Trading
Futures Fundamentals
See also: Associated Person, Broker, Broker Association, Cost of Tender, Current Delivery, Futures Contract