What is a Contra Broker?
Contra brokers are brokers who are associated with the opposite end of any type of investment transaction. Essentially, the contra broker is the mirror image of the broker who is initiating a transaction on behalf of a given investor. The contra broker handles any actions required to work with the initiating broker in order to successfully complete the order issued by an investor. The contra broker should not be seen as an outside or opposing force within the process of executing investment orders. Actually, a contra broker is the opposite of any type of obstacle or delay in executing an order. When the contra broker is on the sell end of a buy order, he or she will do everything within his or her power to ensure that the purchase goes smoothly, and without any unnecessary delays. At the same time, when the contra broker is on the buy side of a sell order, he or she has an obligation to also perform all tasks connected to the transaction with efficiency and professionalism. There is no
