Articles on: Investment Glossary


A firm that buys and sells securities for its own account rather than as an agent. The dealer’s profit or loss is the difference between the price it pays and the price it receives for the same security. The dealer’s confirmation must disclose to customers that the dealer has acted as principal. A firm may function, at different times, either as a broker or dealer, but may not act as both in the same transaction.

Updated on: 24/04/2023

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