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TeachMeFinance.com - explain Outside broker historic definition... Outside broker -- A broker who is not a member of an exchange ; one who deals iri securities that are not dealt in on a stock exchange. A dealer in the outside market or on the curb is an outside broker. In New York such a broker is not a bucket shop keeper; see Bucket shop. In London an outside broker is one who is not a member of the London Stock Exchange and is sometimes described as a bucket shop keeper. Some outside brokers, however, conduct a perfectly legitimate business. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.