Broker-dealer: Difference between revisions
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imported>Doug Williamson (Updated list of designated investment firms at December 2016. Source: Bank of England http://www.bankofengland.co.uk/pra/Pages/authorisations/designatedfirmslist.aspx) |
imported>Doug Williamson (Link with Interdealer broker page.) |
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* [[Dealer]] | * [[Dealer]] | ||
* [[Designated investment firm]] | * [[Designated investment firm]] | ||
* [[Interdealer broker]] | |||
* [[Investment bank]] | * [[Investment bank]] | ||
* [[Price discovery]] | * [[Price discovery]] | ||
Revision as of 20:15, 27 June 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 2016, 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
