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Tel. 780-429-6775
Fax. 780-424-0004
100, 10585 - 111 Street
Edmonton, Alberta  T5H 3E8

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Jitney

The execution and clearing of orders by one member of a stock exchange for the account of another member. Example: Broker A is a small firm whose volume of business is not sufficient to maintain a trader on the floor of the exchange. Instead he gives his orders to Broker B for execution and clearing and pays a reduced percentage of the normal commission.


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