Dealer, Market-Making, and Trading Desk Roles

Dealer, market-making, and trading desk pages explain principal trading roles and liquidity-supply functions.

Use this section for broker-dealers, dealers, designated market makers, dealing desks, market-making activity, trading desks, and trading floors.

In this section

• Broker-Dealers and Market Makers
  Broker-dealer, dealer exchange, designated market maker, market maker, and stockjobber terms used in dealer markets.
  • Broker-Dealer
    A comprehensive guide to understanding broker-dealers (B-D), their roles, how they operate, and the regulations governing them in the U.S. securities market.
  • Dealer Exchange: A Modern Marketplace for Securities
    A comprehensive examination of dealer exchanges, highlighting their structure, functioning, historical context, and related terms.
  • Designated Market Maker (DMM): A Trader Responsible for Maintaining Order and Fairness in the Marketplace
    A comprehensive look into the role and responsibilities of Designated Market Makers (DMMs) in financial markets, including their functions, historical context, and their impact on trading.
  • Market Maker
    Dealer or liquidity provider that quotes buy and sell prices and helps keep markets tradable.
  • Market Making: Providing Liquidity to the Markets
    Market Making involves providing liquidity to financial markets by being ready to buy or sell at quoted prices. This comprehensive article explores the historical context, types, key events, mathematical models, and importance of market making in the financial system.
  • Stockjobber: Historical Role in Financial Markets
    Exploring the historical context, functions, and evolution of stockjobbers in financial markets.
• Desks, Floors, and Discount Houses
  Dealing desk, trading desk, trading floor, and discount house terms used in market-intermediary operations.
  • Dealing Desk
    A detailed examination of how some brokers use a dealing desk to process orders internally, rather than routing them directly to the market.
  • Discount House
    A detailed overview of Discount Houses, their history, functioning, importance, and relevance in financial markets.
  • Trading Desk
    A comprehensive overview of trading desks, including their definition, primary functions, and the various types that exist within financial institutions.
  • Trading Floor
    The physical location where securities transactions are conducted