how do give up trades work 
give up trades work when one party is unable to place the trade so they entrust the trade to a third party if john wants to buy abc stock but is unable to place the trade with andy who owns the stock john may have mary make the trade for him delivering the stock from andy to john after john has paid there can be four total parties if in this example andy is also unable to make the trade personally nowadays this is done electronically the bottom linegive up trades were more common when brokers physically made trades these days computers will place the trade in the fastest way and at the best price sometimes this includes giving up a trade but it is not as common as it once was 