Broker

(German Makler) - 1) a person who does not independently conclude transactions, but only indicates the possibility of their completion; M. brings the seller and the buyer together. The brokerage fee, the amount of which, as a rule, depends on the amount of the transaction, is paid by both the seller and the buyer; 2) an intermediary when concluding transactions on stock and commodity exchanges, and sometimes when concluding insurance, freight, housing and other contracts. Acts on behalf of clients and at their expense. It acts as a legal entity and specializes in certain types of operations. M. are united in brokerage houses and firms that provide intermediary services and collect commissions for them, established by the exchange committee. 3) an employee of the exchange authorized by the directorate of the exchange to carry out trading within the MICEX stock market section and control the implementation of the Rules for Conducting Trading in Securities on the MICEX.