BROWSE

Dealer

What is a 'Dealer'

A dealer is a person or firm in the business of buying and selling securities for their own account, whether through a broker or otherwise. A dealer is defined by the fact that it acts as principal in trading for its own account, as opposed to a broker who acts as an agent in executing orders on behalf of its clients. A dealer is also distinct from a trader in that buying and selling securities is part of its regular business, while a trader buys and sells securities for his or her own account but not on a business basis.

Explaining 'Dealer'

While “dealer” is a separate registration category in the U.S., in Canada the term is used as the shortened version of “investment dealer,” which is the equivalent of a broker-dealer in the U.S.


Further Reading


Optimal dealer pricing under transactions and return uncertainty
www.sciencedirect.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

What financing data reveal about dealer leverageWhat financing data reveal about dealer leverage
papers.ssrn.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

The federal reserve's primary dealer credit facilityThe federal reserve's primary dealer credit facility
papers.ssrn.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

The failure mechanics of dealer banksThe failure mechanics of dealer banks
www.aeaweb.org [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

Structural organization of secondary markets: Clearing frequency, dealer activity and liquidity riskStructural organization of secondary markets: Clearing frequency, dealer activity and liquidity risk
www.jstor.org [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

On dealer markets under competitionOn dealer markets under competition
www.jstor.org [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

Dealer behavior and trading systems in foreign exchange marketsDealer behavior and trading systems in foreign exchange markets
www.sciencedirect.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

… of dealer credit terms related to securities financing and OTC derivatives: some initial results from the new Senior Credit Officer Opinion Survey on Dealer Financing …… of dealer credit terms related to securities financing and OTC derivatives: some initial results from the new Senior Credit Officer Opinion Survey on Dealer Financing …
papers.ssrn.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …

Optimal dealer pricing under transaction uncertaintyOptimal dealer pricing under transaction uncertainty
link.springer.com [PDF]
… Publishmg Company OPTIMAL DEALER PRICING UNDER TRANSACTIONS AND RETURN UNCERTAINTY … In this paper the optimal bid and ask prices are determined such that the dealer's expected utility of terminal wealth is maximized. Our concern is primarily with the risk …


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