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 […]Read More Types of Broker-Dealers
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 […]Read More Broker-Dealer
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 […]Read More G30 – Who are they?
A lot of my friends get calls from various job posts asking for Investment Banking or Asset Management experience. Though they work for great banks and are involved in technology and various businesses of the bank, sometimes its a bit confusing as to what division of the bank they are working for. So, here’s my […]Read More Asset Management Vs. Investment Banking