Dealer

1.

A specialist in a bank or non-financial corporate who is authorised to undertake market transactions, for example foreign exchange transactions.

2.

A market participant which undertakes transactions in order to earn trading profits on the transactions themselves, rather than for other purposes such as hedging, or as an intermediary.

See also

• Broker-dealer
• Deal date
• Foreign exchange
• Hedger
• Hedging
• Speculator
• Trader