A dealer who will take a position in the block trades to accommodate customer buyers and sellers of blocks. See: Dealer, market maker, principal.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
A dealer who buys and sells large blocks of securities, usually more than 10,000 shares or $200,000 in value at a time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved