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Quantitative Finance · Glosario

¿Qué es Primary dealer?

Definition 4.3 Markets II: Rates, FX and Credit · Capítulo 4 — The Treasury Market

A primary dealer is a firm that the Federal Reserve Bank of New York has designated as a counterparty for its operations, in exchange for obligations: to bid on a pro-rata basis in every Treasury auction at reasonably competitive prices, to make markets for the Bank on behalf of its official account holders, and to report on its activity.

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