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	{{~~anat~~\|brokerage}}Strictly speaking, an investment firm which trades in the market as a {{tag\|principal}} in its own right. To be contrasted with a [[broker]], who handles client orders for transactions in securities as an {{tag\|agent}}.		{{g}}{{a\|brokerage\|}}Strictly speaking, an [[investment firm]] which trades in the market as a {{tag\|principal}} in its own right. To be contrasted with a [[broker]], who handles client orders for transactions in securities as an {{tag\|agent}}.

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