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Block Trader

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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.


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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.
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.
Block traders can also use nonstandard settlement to bypass the limit-order book on an exchange.
 
 
 
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