Dealer: Difference between revisions

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Revision as of 16:35, 4 June 2020

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
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Brokerage Anatomy™
FIA/ISDA documentation |
Trading capacities: Principal | Undisclosed principal Riskless principal | Agent | Undisclosed agent

Broker types: Broker | Dealer | Broker/dealer | Executing broker | Clearing broker | Prime broker | FCM | CCP

Clearing: Clearing overview | How clearing works | What gets cleared? | Who clears? | Clearing documentation
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Strictly speaking, an investment firm which trades in the market as a principal in its own right. To be contrasted with a broker, who handles client orders for transactions in securities as an agent.

More commonly referred to as a broker-dealer, seeing as most firms act as both.

See also