What does "match us in the market" mean in the context of transferring shares between brokers?
I requested my company broker to transfer shares to my private broker and got a letter saying:
We are reaching out to your broker to match us in the market so we can complete your transfer
I asked them to explain what does that mean match us in the market.
The second reply was:
Our records show that your broker did match us in the market to receive your shares.
I am still curious what does it mean to match in the market in this situation?
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