Contrast and compare trading in face-to-face auctions, dealer markets, and automated trading platforms?
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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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Traders meet facetoface in an open outcry auction In a dealer mark...View the full answer
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Related Book For 
Financial Management Theory and Practice
ISBN: 978-1305632295
15th edition
Authors: Eugene F. Brigham, Michael C. Ehrhardt
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