Broker-dealer: Difference between revisions
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imported>Doug Williamson (Expand. Source: PRA webpage http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx) |
imported>Doug Williamson (Link with Big Bang page.) |
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== See also == | == See also == | ||
* [[Big Bang]] | |||
* [[Broker]] | * [[Broker]] | ||
* [[Dealer]] | * [[Dealer]] | ||
Revision as of 15:56, 11 February 2017
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
