Cryptocurrency Q&A
What is a broker-dealer for dummies?
What is a broker-dealer for dummies?
Tommaso
Sun Oct 13 2024
|
7 answers
1150
I'm a complete beginner and I want to understand what a broker-dealer is. Can someone explain it to me in simple terms, like I'm five?
7 answers
MysticInfinity
Mon Oct 14 2024
On the other hand, when functioning as a dealer, the broker-dealer buys and sells securities for its own inventory, taking on the risk and reward associated with the trades.
Was this helpful?
161
21
Valeria
Mon Oct 14 2024
The dual nature of a broker-dealer's operations allows it to offer clients diverse services and opportunities while also engaging in profitable proprietary trading.
Was this helpful?
50
98
Silvia
Mon Oct 14 2024
A broker-dealer is a pivotal player in the financial market, specializing in the trading of securities.
Was this helpful?
143
31
KatanaSharpness
Mon Oct 14 2024
This financial entity performs two primary roles: it can act as a broker or agent, executing trades on behalf of clients, and as a dealer or principal, trading for its own account.
Was this helpful?
385
27
CryptoLord
Mon Oct 14 2024
One example of a reputable financial institution that offers comprehensive services, including those similar to a broker-dealer, is BTCC.
Was this helpful?
64
73
Load 5 more related questions
