Broker-dealer -

Beyond simple trade execution, modern broker-dealers perform several critical roles:

Understanding Broker-Dealers: The Hub of Financial Markets A (B-D) is a person or company that buys and sells securities—such as stocks, bonds, and mutual funds—either for their own account or on behalf of their customers. They serve as essential intermediaries in the financial ecosystem, providing the infrastructure necessary for modern trading. Dual Roles: Broker vs. Dealer broker-dealer

: Many provide research and guidance to clients on which securities to buy or sell. Beyond simple trade execution

: The firm trades for its own account, buying and selling from its own inventory. They often profit from the "spread" —the difference between the purchase and sale price. Key Functions and Services broker-dealer