cm:Level2TextBlock: us-gaap:FloorBrokeragePolicy
Floor Brokerage, Policy [Policy Text Block] |
us-gaap:FloorBrokeragePolicy |
Disclosure of accounting policy for the recognition and recording of fees paid to other broker dealers for executing trades. 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 clearinghouse. These include fees paid to clearing brokers and market specialists. |
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us-gaap:FloorBrokeragePolicy |