broker dealer
/ˈbroʊkər ˈdiːlər/
noun
- A person or company that buys and sells securities (like stocks and bonds) for clients (as a broker) and also for their own account (as a dealer).
- Large banks often have a broker-dealer division that handles stock transactions.
- The broker-dealer executed trades for its customers and also traded its own portfolio.
- She registered her firm as a broker-dealer with the Securities and Exchange Commission.