Broker-Dealer
A person or firm in the business of buying and selling securities operating as both a broker and a dealer depending on the transaction. Investopedia Says:
Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal and trades for his or her own account. Because most brokerages act as both brokers and principals, the term broker-dealer is commonly used to describe them. Related Terms:
Agent
Authorized Forex Dealer
Broker
Contra Broker
Dealer
Front Running
Full Service Broker
Market Maker
Principal
Swap Dealer
White-Shoe Firm |