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NYU Bank is a major force in the derivatives market. Does it make more sense for NYU Bank to function as a dealer or as

NYU Bank is a major force in the derivatives market. Does it make more sense for NYU Bank to function as a dealer or as a broker in such a role? What is the difference between a dealer and a broker in terms of (i) function, (ii) compensation, (iii) exposure to risk? 


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