broker-dealer

broker-dealer
Any person, other than a bank, engaged in the business of buying or selling securities on its own behalf or for others. Bloomberg Financial Dictionary
See: dealer. Bloomberg Financial Dictionary
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A member of the Stock Exchange who may trade with customers either as principal or act as agent on their behalf, completing a trade for the customer with a market maker or doing an agency cross (see dual capacity). Dresdner Kleinwort Wasserstein financial glossary
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See dealer Exchange Handbook Glossary
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An Exchange member firm, which provides advice and dealing services to the public and can deal on its own account. London Stock Exchange Glossary

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broker-dealer ˌbroker-ˈdealer noun [countable] FINANCE
a broker that buys and sells Securities for clients and also trades on its own account

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broker-dealer UK US (also broker/dealer) noun [C]
FINANCE, STOCK MARKET a person or a financial company that acts both as a broker, making investments for customers, and as a dealer making investments for themselves: »

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Financial and business terms. 2012.

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