Broker-dealer: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
(Layout.) |
||
| (9 intermediate revisions by one other user not shown) | |||
| Line 1: | Line 1: | ||
A market participant which undertakes proprietary trading, as well as acting as an intermediary. | A market participant which undertakes proprietary trading, as well as acting as an intermediary. | ||
In the UK, the term 'broker-dealer' is often used interchangeably with a 'designated investment firm' as recognised by the Prudential Regulation Authority (PRA). | |||
As at January 2022, the PRA recognised eight designated investment firms: | |||
*Barclays Capital Securities Limited | |||
*Citigroup Global Markets Limited | |||
*Credit Suisse Securities (Europe) Ltd | |||
*Goldman Sachs International | |||
*Merrill Lynch International | |||
*MUFG Securities EMEA plc | |||
*Morgan Stanley & Co. International Plc | |||
*Nomura International Plc | |||
== See also == | == See also == | ||
* [[Big Bang]] | |||
* [[Broker]] | * [[Broker]] | ||
* [[Dealer]] | * [[Dealer]] | ||
* [[Designated investment firm]] | |||
* [[Interdealer broker]] | |||
* [[Investment bank]] | * [[Investment bank]] | ||
* [[Price discovery]] | * [[Price discovery]] | ||
* [[Proprietary trading]] | * [[Proprietary trading]] | ||
* [[Prudential Regulation Authority]] | |||
* [[SMF participant]] | |||
==External link== | |||
*[https://www.bankofengland.co.uk/prudential-regulation/authorisations/which-firms-does-the-pra-regulate Investment firms we regulate - Prudential Regulation Authority] | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
[[Category:Identify_and_assess_risks]] | |||
[[Category:Manage_risks]] | |||
[[Category:Risk_reporting]] | |||
[[Category:Risk_frameworks]] | |||
[[Category:The_business_context]] | |||
Latest revision as of 15:04, 5 June 2024
A market participant which undertakes proprietary trading, as well as acting as an intermediary.
In the UK, the term 'broker-dealer' is often used interchangeably with a 'designated investment firm' as recognised by the Prudential Regulation Authority (PRA).
As at January 2022, the PRA recognised eight designated investment firms:
- Barclays Capital Securities Limited
- Citigroup Global Markets Limited
- Credit Suisse Securities (Europe) Ltd
- Goldman Sachs International
- Merrill Lynch International
- MUFG Securities EMEA plc
- Morgan Stanley & Co. International Plc
- Nomura International Plc
See also
- Big Bang
- Broker
- Dealer
- Designated investment firm
- Interdealer broker
- Investment bank
- Price discovery
- Proprietary trading
- Prudential Regulation Authority
- SMF participant
