Glossary
The following glossary provides definitions of commonly used terms within the context of IBA and the independent brokerage sector.
Independent Broker
A market participant operating independently to facilitate connections, transactions, or relationships between counterparties.
Market Participant
An individual or entity engaged in brokerage-related activity within the sector.
Brokerage Activity
The facilitation of transactions, relationships, or opportunities between parties.
Counterparty
A party engaged in a transaction or relationship facilitated by a broker.
Transparency
The clear and appropriate communication of relevant information.
Professional Conduct
Behavior aligned with established principles of integrity, responsibility, and communication.
Authorization Framework
A structured approach to identifying and understanding participants within the sector.
Market Oversight
The structured observation and interpretation of sector practices and developments.
Risk Awareness
Recognition and understanding of factors that may influence outcomes.
Sector Perspective
A broader view of patterns, developments, and trends within brokerage activity.
Cross-Border Activity
Brokerage activity involving multiple jurisdictions or markets.
Alignment
Consistency between actions and established principles or expectations.
