Types of Broker-Dealers

There are many types of Broker-Dealers: Clearing Broker-Dealer – This type compares and clears its client’s trades and its own trades against other broker dealers. Eg: DTTC Commodity Houses – They don’t deal with securities. They deal with products like agriculture produce, oil, etc. They buy and sell futures on the products. Correspondent firms – use […]

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If you work for a US Bank in the capital markets domain, you would come across this term almost everyday. Who is a Broker-Dealer? A Broker-Dealer could be a person or a firm involved in buying and selling securities. I had the opportunity to work for Pershing LLC where this term was commonly used for […]

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G30 – Who are they?

Before 1980s trading was paper based.  In the 1980s people started expanding their trading practices to foreign companies. European countries started trading in US and vice versa.  In order to bring some regulation, a group of countries collaborated and formulated a set of processes that all these participating countries would implement. They called themselves G30 […]

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