Broker-dealer: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Expand. Source: PRA webpage http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx) |
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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 December 2015, 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 | |||
*Mitsubishi UFJ Securities International plc | |||
*Morgan Stanley & Co. International Plc | |||
*Nomura International Plc | |||
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* [[Price discovery]] | * [[Price discovery]] | ||
* [[Proprietary trading]] | * [[Proprietary trading]] | ||
* [[Prudential Regulation Authority]] | |||
* [[SMF participant]] | |||
Revision as of 17:29, 8 August 2016
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 December 2015, 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
- Mitsubishi UFJ Securities International plc
- Morgan Stanley & Co. International Plc
- Nomura International Plc
