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Prop Trader vs BrokerDealer


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Prop Trader vs BrokerDealer

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Jimmy1982
Chicago,IL
 
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What's the difference between a prop trader and a broker-dealer?

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 Robert Carrillo 
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Jimmy1982 View Post
What's the difference between a prop trader and a broker-dealer?

A prop firm trades the firm's own money as opposed to clients' money. A broker-dealer trades clients' money (broker) and the firm's own money (dealer).

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Last Updated on September 17, 2013


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