Definition of Broker dealer:
In securities trading, individual or firm that may act either as a broker (the agent) or a dealer (the principal) but not both in a transaction.
A brokerage firm that buys and sells securities on its own account as a principal before selling the securities to customers.
Synonyms of Broker dealer
Dealer, Broker-dealer, Agent, Negotiator, Trafficker
How to use Broker dealer in a sentence?
- It has now requested details from large broker-dealers, transfer agents, and the 80 largest U.S. mutual-fund families on their trading practices.
Meaning of Broker dealer & Broker dealer Definition