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 ?
In addition, the market might believe that the block trader possesses information that is not reflected in the stock price.
Developed by a consortium of leading financial services firms, BIDS Trading resolves the classic paradox of the block trader - the need to find legitimate trading counterparties without prematurely revealing trading intentions.
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.
and he was an equities block trader at First Union Securities (now Wells Fargo).
Developed by a consortium of leading financial services firms, the BIDS Trading ATS resolves the classic paradox of the block trader - the need to find legitimate trading counterparties without prematurely revealing trading intentions.
We're thrilled to work with Liquidnet on introducing ground-breaking functionality not currently available through other trading platforms that goes beyond their patented blotter scrape to provide the block trader with unprecedented order control," states UNX CEO Thomas Kim.
Developed by a consortium of leading financial services firms, the BIDS ATS resolves the classic paradox of the block trader - the need to find legitimate trading counterparties without prematurely revealing trading intentions.
He began his fourteen year tenure at Lehman Brothers as a listed stock block trader and also held the position of NASDAQ market maker.
Prior to that, he was a Listed Block Trader and a Vice President of Listed Equity Trading for Salomon Brothers.
Naval Academy at Annapolis in 1993, came to Wall Street 12 years ago, as Vice President, Listed Equity Block Trader at Bear Stearns & Co.
Nick Perry joins as Vice President and Institutional Equity Block Trader of options, adding to the existing hedging trading capabilities at BAS.