It's a trade where one broker acts for both parties in the trade...

  1. 3,694 Posts.
    It's a trade where one broker acts for both parties in the trade and there are at least 10 stocks being traded hence 'portfolio'. There is also a minimum total value on the trade (all stocks combined) which I think is $5 million. They trade at an agreed price which may be lower or higher than the prevailing price.
 
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