In Street Name

Categories: Investing and Trading, Brokerages,

Practice which involves holding assets and securities in the name of a broker or brokerage firm instead of the name of the individual owner. Brokers rarely hold securities in paper form, instead opting for electronic certificates held in the broker's name. This is a common practice which facilitates fast and efficient trading. In street name does not change who the owner of the security is, nor negate the rights of that owner.