broker dealer
A broker who buys and sells stocks as a principal to the Transaction. Some brokerage firms maintain an inventory of stock holdings from which it attempts to fill clients' orders before submitting the orders to a specialist or market maker. In this case, the broker acts as both an agent for the Client and a principal to the transaction.
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Rules Of Fair Practice
primary dealer
buy the book
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market forces
Open market rates
Pacific Stock Exchange (PCX)
Listing Agreement