A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Primary Dealer
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| - | A primary dealer is a firm authorised by a [[Central Bank|central bank]] to deal in the primary market for government securities. Primary dealers are normally required take part in central bank [[Open Market Operations|open market operations]], to play a significant part in government bond auctions and act as market makers in the [[Secondary Market|secondary market]]. They are also required to keep the central banks aware of market conditions and developments. Primary dealers may also be primary distributors of securities, jobbers, underwriters and lead managers of [[New Issues|new issues]]. | + | A primary dealer is a firm authorised by a [[Central Bank|central bank]] to deal in the primary market for government securities. Primary dealers are normally required take part in central bank [[Open Market Operations|open market operations]], to play a significant part in government bond auctions and act as market makers in the [[Secondary Market|secondary market]]. They are also required to keep the central banks aware of market conditions and developments. Primary dealers may also be primary distributors of securities, jobbers, underwriters and lead managers of [[New Issue|new issue]]s. |
Revision as of 11:52, 4 June 2009
A primary dealer is a firm authorised by a central bank to deal in the primary market for government securities. Primary dealers are normally required take part in central bank open market operations, to play a significant part in government bond auctions and act as market makers in the secondary market. They are also required to keep the central banks aware of market conditions and developments. Primary dealers may also be primary distributors of securities, jobbers, underwriters and lead managers of new issues.