broker-dealer
Trades for others
A broker-dealer is a financial firm or individual licensed to both execute securities transactions for clients (the broker function) and trade securities for its own account (the dealer function).
Most investment firms operate as broker-dealers, buying and selling stocks, bonds, and other securities: The SEC fined the broker-dealer for failing to disclose conflicts of interest.
Tradeable financial assets
- equitiesOwnership stakes in corporations
- bondsTies that unite
- executionCompleting a planned task
- clearingTreeless space in forest
settlement · buy · sell · bid · offer · transaction · principal · agency
Stock market regulator
- FINRABrokerage self-regulatory body
- complianceAdhering to requirements
- registrationFormal recording of participation
- licensingGranting official permission
oversight · fiduciary · enforcement · audits · examinations · disclosures · record-keeping · arbitration
Collected works or assets
- marginEdge of a page
- leverageBorrowed capital for amplified returns
- custodyProtective care or control
- researchSystematic fact-finding effort
underwriting · advisory · retail · institutional · syndication · IPO
Largest equities market
- NASDAQElectronic securities exchange
- exchangeMutual giving and receiving
- stocksOwnership stakes or inventory
- commoditiesTradeable raw materials
options · futures · liquidity · volatility · capitalization · index · bullish · bearish
One who acts independently
- principalChief school administrator
- middlemanAgent linking two parties
- facilitatorNeutral process guide
- conduitTube conveying fluid or cables
counterparty · clearinghouse · custodian · correspondent · full-service
securities
Tradeable financial assets
clearing · settlement · buy · sell · bid · offer · transaction · principal · agency · front-running
SEC
Stock market regulator
- FINRABrokerage self-regulatory body
- complianceAdhering to requirements
- registrationFormal recording of participation
licensing · oversight · fiduciary · enforcement · audits · examinations · disclosures · record-keeping · arbitration · sanctions
portfolio
Collected works or assets
research · underwriting · advisory · retail · institutional · syndication · IPO
NYSE
Largest equities market
- NASDAQElectronic securities exchange
- exchangeMutual giving and receiving
- stocksOwnership stakes or inventory
commodities · options · futures · liquidity · volatility · capitalization · index · bullish · bearish · shares
agent
One who acts independently
- principalChief school administrator
- middlemanAgent linking two parties
- facilitatorNeutral process guide
conduit · counterparty · clearinghouse · custodian · correspondent · full-service
- traderstrader, merchant, retailer, vendor, wholesaler
- Financial Advisorsfinancial planner, wealth advisor, financial consultant, financial advisor, investment advisor
- Securities LawSEC, securities, securities fraud, insider trading, prospectus
- Securities IssuanceIPO, initial public offering, public offering, issuance, underwriter
broker-dealerpassive investor
One who tracks, not trades
retail investor · pension fund · client · institutional investor · endowment
broker, dealer, broke, deal, deals, dealing, dealings, dealt, dealers