HONGKONGDIR

HOMECompaniesDictionaryFAQs

Home » Dictionary » Brokerages » pass the book

Pass The Book

Definition
The process of one brokerage firm transferring all the responsibilities associated with an account to another brokerage firm in a different time zone, so that the brokerage firm can make trades over a 24-hour period. Essentially, this extends the period that the brokerage firm can make trades. This type of action may occur several times in a 24-hour period as the account is transferred to various locations across the world.

Nearby Terms
Similar companies
Copyright © 2013 hongkongdir.com All Rights Reserved.
Provides public information about companies in the Hong Kong.