A dealer is a person or firm in the business of buying and selling securities for their own account, whether through a broker or otherwise. A dealer is defined by the fact that it acts as principal in trading for its own account, as opposed to a broker who acts as an agent in executing orders on behalf of its clients.
A dealer is also distinct from a trader in that buying and selling securities is part of its regular business, while a trader buys and sells securities for his or her own account but not on a business basis (Investopedia).
P.O. Box 28987-00200, Nairobi
Tel: 254 20 2774000/4454803/4/6/8
Fax: 254 20 4454816