who is called a dealer

Trading member refers to - stock brokerage comapny

stock brokerage company will have many branches namely

branches1 branches2 branches3

each branch will have dealers namely

dealer1 delarer2 dealer3

according to definition they say the user at the lowest level of hierarchy who can trade for himself is called a dealer

Now i am confused , people say i am dealer , i have so much experience u can contact me . what does that mean . does it mean he is working in some trading member ex: sharekhan in some particular branch and investor like me when i approach him can trade through him..

If this is true when we trade on our own online , what is the role of the dealer , will an investor is also considered a dealer by trading member


Explain please

That word can mean many things in this context.

Dealer is the one who sits in front of the terminal in the broker's office and handles buying/selling on behalf of his customers, like us.

In another setup, it could also be a person who is executing institutional orders. He also basically buys/sells on behalf of his customers who are institutions, and not retail clients like us. This type of dealer is usually more skilled and his participation is more than just buying or selling for an account. He is well trained about "controlling" the price when accumulating or distributing without creating a disadvantage to his customer.

One more meaning, I think this applies specifically to forex markets. He is an person who matched orders internally in the brokers main system.

thanks one last doubt when we create an account with brokerage company and trade online
we will be user only and whatever we trade how will that get executed

because for a trade to execute the dealer will enter his user id , trading member id and password while logging in

All orders, whether entered by us for our own online trading account, or by the dealer for his customer are first enter the broker's system where they are scanned for 'risks' like customer exceeding trading limit, inadequate margin, DP balance, basic eligibility etc. Then the orders is logged in the broker's system, then relayed to the NSE's order book where the system matches and executes the orders.