liquidity

It means you can't trade with John Smith Trading Brokerage based on the fact that they give you tons of client referrals


KDL23 Wrote:
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> Regarding soft dollors, there's a sentence that I
> do nit seem to understand: "An Investmt Manager
> may not allocate a Client's Brokerage based on the
> amount of Client referrals the Investment Manager
> receives from a Broker". What does that mean?