Block trader

Block trader

A dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal.

Block Trader

A dealer who buys and sells large blocks of securities, usually more than 10,000 shares or $200,000 in value at a time.
References in periodicals archive ?
Of course, if the block trader were permitted to "trade-through" the superior bid as the SEC proposed in 2004 and consummate the transaction at $99.
Previous Experience: He is the former senior block trader and captain of cyclical equities trading for Morgan Stanley.
It's the successor to the brokerage work that used to keep block traders busy decades ago, when the NYSE ruled Wall Street but a fair amount of its trading took place upstairs.
Trinculo followed up an easy success at Newcastle on his previous start with a pillar-to-post victory in the CSFB Block Traders Claiming Stakes.