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What is the difference between Brokers and Dealers?
Dealers receive orders but they are allowed to trade on this information, on their own account.
Brokers and Dealers receive instructions to buy, sell or modify orders from their clients.
Dealers provide Sell-Side services to investors.
Dealers provide buy side services to investors.
There is no difference, both do the same. It's just different names.
Brokers provide Buy-Side services for investors.
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