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A give-up is a trade executed through one broker to be cleared through another.

The Futures Industry Association developed the "uniform brokerage execution services (give-up) agreement" in 1995 in order to spell out the responsibilities of each party in a give-up transaction. The standard agreement saves legal fees and speeds up the process, although it still takes days, and sometimes even months, to get the documents in place.

FIA estimated that the average cost of executing a give-up agreement frequently exceeds $100 per agreement and customers must wait a long time for give-up agreements to be executed, meaning lost commission revenue to firms.[1]


  1. Give Ups Go Online. Futures Industry Magazine.