About this document

Understanding Brokers, Dealers, and Finance Risks by Alex Levithan is a document available to read on EtoBox.

Brokerages earn commissions from facilitating trades between clients, while dealers earn profits from the difference between what they pay and receive when buying and selling securities themselves. Dealing is riskier since the dealer takes on ownership risk of the securities. Asset transformers purchase securities from customers and issue new claims to raise funds, transforming bank liabilities into assets. This is risky since the acquired assets may be riskier than the liability claims, creating liquidit

Author

Alex Levithan

Language

EN