broker-dealer multi-clearer

broker-dealer multi-clearer
Broker-dealer multi-clearer: following the Jan.1, 1992 introduction of district licences for each type of activity handled by brockerage firms, members firms with this status are authorized to clear not only their own transactions, but also those of one or more pure broker-dealers. NYSE Euronext Glossary

Financial and business terms. 2012.

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