dealer

A firm or an individual who buys and sells for his own account. A dealer has ownership, even if only for an instant, between a purchase from one party and a sale to another party, and is thus compensated by the spread between the price paid and the price received. Not the same as a broker, although an individual or firm may act as either a broker or a dealer in separate transactions. American Banker Glossary

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An entity that stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). Individual or firm acting as a principal in a securities transaction. principals are market makers in securities, and thus trade for their own account and risk. Antithesis of broker. Bloomberg Financial Dictionary

See: agency. Bloomberg Financial Dictionary

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A firm or individual who puts up capital and takes one side of a position, seeking to earn a spread ( profit) through closing out the position in another trade with a different party. Chicago Mercantile Exchange Glossary

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An individual or firm acting as a principal, rather than as an agent, in the purchase and/or sale of securities. Dealers trade for their own account and risk. Exchange Handbook Glossary

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Dealers buy and sell securities on behalf of the broking firm (or investment bank) itself. Securities bought by the bank may be sold to clients or other firms or becomes part of the bank's own holdings. London Stock Exchange Glossary

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dealer deal‧er [ˈdiːlə ǁ -ər] noun [countable] JOBS

1. someone who buys and sells a particular type of goods:

• Collectors were looking for guidance from experienced art dealers.

2. a shop that sells a particular type of goods:

• Computers should always be bought from a reputable dealer.

• a used car dealer

3. FINANCE someone whose job is buying and selling bonds, shares, currencies, etc on a financial market; = TRADER AmE:

• On the London Futures & Options Exchange, dealers rushed to obtain cocoa.

ˈcurrency ˌdealer also ˌforeign exˈchange ˌdealer FINANCE

someone whose job is buying and selling currencies, usually at a financial institution; = currency trader AmE; , foreign exchange trader AmE:

• Currency dealers had been pushing the dollar slowly but steadily lower last week.

ˈfloor ˌdealer also ˈfloor ˌtrader, = floor \#broker AmE FINANCE

someone whose job is to deal on a financial market where there is a trading floor:

• The floor clerk transfers the order to one of the floor traders, who finds another floor trader wanting to sell that number of shares in the company.

ˌprimary ˈdealer FINANCE

a financial institution that is allowed to deal directly in government bonds with a central bank (= bank that controls a country's currency ) :

• The New York Fed said the bank's withdrawal from the ranks of primary dealers took effect Friday.

• The bank recently withdrew from the Federal Reserve's roster of primary dealers.

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   An individual or company that trades financial instruments and takes positions for its own account.

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dealer UK US /ˈdiːlə^r/ noun [C]

► COMMERCE a company or a person that sells a particular type of product: »

a car/auto/motor dealer

»

art/arms/scrap metal dealer

► UK (US trader) FINANCE, STOCK MARKET a person or company that buys and sells shares, currencies, etc.: »

Bonuses paid to City of London dealers rose sharply this year.

→ See also PRIMARY DEALER(Cf. ↑primary dealer), WHEELER DEALER(Cf. ↑wheeler dealer)

→ See Note SELLER(Cf. ↑seller)