Spectail

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Spectail

A dealer doing business with retail but concentrating more on acquiring and financing its own speculative positions.

Spectail

A dealer on an exchange who conducts transactions for clients but primarily makes transactions on his/her own account. The term is a portmanteau of "speculative" and "retail." That is, the dealer is involved in retail transactions for his/her clients, but is most interested in his/her own speculative investments.

spectail

A securities dealer who undertakes speculative trading for his or her own account while simultaneously handling retail accounts.

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