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contra broker

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Contra Broker

A term used to describe the broker participating on the opposite side of a transaction.

Investopedia Commentary

For example, on a buy transaction, the contra broker would be the party selling the securities.

See also: Agent, Broker, Broker-Dealer, Inter-Dealer Broker

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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CA Broker's License
California Brokers license courses CA real estate school. DRE approved
www.realtyinst.com
Financial Dictionary

contra broker

The broker on the opposite side of a transaction. To a broker acting as an agent to buy, the contra broker is the selling broker. Conversely, to a broker on the sell side, the contra broker is the broker on the buy side.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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