Business / Taxes / Introducing Broker (IB): An introducing broker (IB) is a person or firm that takes orders to buy or sell futures contracts from clients and passes those orders to a futures commission merchant (FCM) for execution. Payment is handled by the FCM, not the introducing broker. Guaranteed introducing brokers refer clients to just one futures commission merchant while independent introducing brokers can refer clients to any registered FCM.
Broker Noun Synonyms: stockbroker, agent, dealer, middleman, intermediary, go-between, stockjobber
Life Style / College / International Baccalaureate (IB): An international standardization of high school academics. A number of countries participate in the International Baccalaureate system. MORE
Business / Finance / Insurance Broker: The insurance company representative and adviser who sells insurance policies. MORE