NEC broker-dealer

NEC broker-dealer
(Négociateur Courtier)
"NEC" - a legal person trading for its own account and for third parties, consistent with the investment services for which it has been authorized by applicable banking and financial authorities. An NEC must be designated by a ACG or by an ACI with which it has signed a clearing and guarantee agreement. NYSE Euronext Glossary

Financial and business terms. 2012.

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