Broker dealer,
Definition of Broker dealer:
In securities trading, individual or firm that may act either as a broker (the agent) or a dealer (the principal) but not both in a transaction.
A brokerage firm that buys and sells securities on its own account as a principal before selling the securities to customers.
Synonyms of Broker dealer
Dealer, Broker-dealer, Agent, Negotiator, Trafficker
How to use Broker dealer in a sentence?
- It has now requested details from large broker-dealers, transfer agents, and the 80 largest U.S. mutual-fund families on their trading practices.
Meaning of Broker dealer & Broker dealer Definition
Broker-Dealer,
What is Broker-Dealer?
A securities broker (BD) is a person or company that buys and sells securities on its own behalf or on behalf of its clients. The term broker is used to describe brokers in the jirga of securities regulators in the United States because most of them act as agents and directors.
- A broker is a financial institution that trades securities on behalf of its clients, but it can also trade for its own account.
- A broker acts as a broker or agent when placing an order on behalf of his clients and as a prime broker or agent when acting on their behalf.
- There are thousands of brokers that fall into two broad categories: cable TV users who sell their products or independent brokers who sell products from external sources.
Broadly speaking, agents mediate negotiations between buyers and sellers and receive commissions for their services. Brokers buy and sell for their account and keep their securities at which they can make a profit or a loss. Most brokerages actually act as brokers and distributors. The broker is also known as service or discount, the first uses sales through commission and the second only broker.
Literal Meanings of Broker-Dealer
Broker:
Synonyms of Broker
swing, act as go-between, sort out, rep, interdealer broker, arrange, insurance broker, factor, negotiate, thrash out, hammer out, pull off, clinch, scrivener, contract, intermediary, mediate, go-between, trustee, work out, arbitrate, middleman
Dealer:
Synonyms of Dealer
pusher, chapman, marketeer, merchant, merchandiser, marketer, salesman, hawker, shopkeeper, fence, storekeeper, wholesaler, salesperson, tradesman, distributor, stockist, buyer, vendor, pedlar, buyer and seller, shopman
