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broker-dealer

Line breaks: broker-dealer

Definition of broker-dealer in English:

noun

(In the UK) a person combining the former functions of a broker and jobber on the Stock Exchange.
Example sentences
  • It has now requested details from large broker-dealers, transfer agents, and the 80 largest U.S. mutual-fund families on their trading practices.
  • Some of the 12-1 fees may go a broker-dealer or other intermediary who helped the fund land a slot in your 401 plan.
  • But if NASDAQ's lower rates prove to be enticing to broker-dealers, they could shift millions of dollars in business back to NASDAQ - and cause a world of hurt for Archipelago.

Usage

Now the official term on the UK Stock Exchange, replacing broker in 1986.

Definition of broker-dealer in:

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