Define: Institutional Brokerage

Business, Legal & Accounting Glossary

Definition: Institutional Brokerage



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Full Definition of Institutional Brokerage


An institutional brokerage is an investment brokerage house or brokerage firm which has institutions as its clients. An institutional brokerage always serves institutions and may or may not serve retail clients. A retail brokerage may, similar to an institutional brokerage, confine itself only to retail clients who are individual customers. An institution is any client in business to hold assets. Institutional brokerage clients may be corporations, insurance companies, and investment companies such as pension funds or mutual funds. Institutional brokerage requirements for compliance, disclosure, clearing, settlement, and others are services different than for retail brokerage. Institutional brokerage clients are all some form of fiduciary holding money for others. An institutional brokerage can offer better execution and service rates or ancillary services to their large scale institutional customers. Examples of services that an institutional brokerage might offer only to its institutional brokerage clients include software, investment research, charts, newsletters, seminars, conferences, administrative support, live quotes, and block trading services.


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Institutional Brokerage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. April 05, 2020 https://payrollheaven.com/define/institutional-brokerage/.
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Institutional Brokerage. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/institutional-brokerage/ (accessed: April 05, 2020).
American Psychological Association (APA):
Institutional Brokerage. PayrollHeaven.com. Retrieved April 05, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/institutional-brokerage/

Definition Sources


Definitions for Institutional Brokerage are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 9th February, 2020