What is the definition of a broker dealer?

Answer A broker dealer is a person or firm that buys and sells securities. Securities are negotiable or non-negotiable instruments representing financial value. They are bought and sold in financial marke... Read More »

Top Q&A For: What is the definition of a broker dealer

Definition of a Securities Broker & Dealer?

A securities broker buys and sells securities on behalf of clients, while a securities dealer buys and sells securities on behalf of himself or his firm. A securities broker-dealer performs both of... Read More »

How to Become an Independent Broker Dealer?

An independent broker-dealer is legally authorized to sell securities and investment products without acting as an agent of a larger organization. The requirements for becoming a broker-dealer are ... Read More »

What Is a Broker Dealer Firm?

A broker dealer firm functions both as a dealer and a broker. The company acts as a broker when it executes trade orders on behalf of a customer; it acts like a dealer when it executes trades for i... Read More »

What is a clearing broker dealer?

A clearing broker dealer is a financial professional responsible for acting as a broker (handling transactions and investment accounts between investors and clearing houses) and a dealer (handling... Read More »