What are the differences between brokered and dealer markets? Would the New York Stock Exchange fit into

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What are the differences between brokered and dealer markets? Would the New York Stock Exchange fit into one of these categories?
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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