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broker-dealer
(redirected from Broker Dealer)

    Also found in: Wikipedia 0.06 sec.
Broker-Dealer
A person or firm in the business of buying and selling securities operating as both a broker and dealer depending on the transaction.

Notes:
Technically, a broker is only an agent who executes orders on behalf of clients, whereas a dealer acts as a principal and trades for his or her own account. Because most brokerages act as both brokers and principals, the term broker-dealer is commonly used to describe them.

Broker-dealer
Any person, other than a bank, engaged in the business of buying or selling securities on its own behalf or for others. See: Dealer.
broker-dealer
A firm that functions both as a broker by bringing buyers and sellers together and as a dealer by taking positions of its own in selected securities. Many firms that are commonly called brokers or brokerage firms are actually broker-dealers.
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? Mentioned in ? References in periodicals archive
 
Sonnenblick Goldman announced that SG Real Estate Securities LLC, a wholly-owned subsidiary of the firm, has been formally accepted by the National Associations of Securities Dealers as a registered Broker Dealer.
NASD accepts Sonnenblick Goldman securities division by Real Estate Weekly
OES said that PRO, a single-purpose broker dealer that provides agency order routing services, is carrying out instructions and directions from the PHLX's XLE trading system by transmitting orders to all other required trading centers.
OES Begins Operating of Outbound Router Facility for Philadelphia ... by Business Wire
I have every confidence in his ability to continue to grow the business and maintain our position as one of the top broker dealer firms in the nation.
Growth Spurs Management Changes at Brecek & Young by Business Wire
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