nondealer
- noun
- /ˌnɒnˈdiːlər/
- We separated counterparties into dealers, nondealers, and those that were centrally cleared.
- dealers and nondealers
- other nondealers
Examples
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In the CDS market, a nondealer is typically someone who does not engage in trading as a principal or market maker.
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As banks partially pulled back from CDS markets, nondealers (e.g., hedge funds) responded by increasing their marginal participation levels.
Academic text (2016) -
Indeed, the two largest net sellers of CDS protection were nondealers.
Academic text (2016) -
The main takeaway corroborates our findings that dealers lowered their economic exposure, and some nondealers emerged as large net protection sellers.
Academic text (2016) -
To understand the structure and conditions for stability and fragility of the CDS market, we mapped the network of connections between dealers and nondealers.
Academic text (2016) -
In addition to dealer activity, a number of large nondealers transact at sufficient levels to put them among the top 20 counterparties (based on total CDS contract volume).
Academic text (2016) -
Nondealers (e.g., hedge funds, asset managers, and insurers) served as counterparties to these trades and became net protection sellers (-$19.004 billion).
Academic text (2016) -
Many nondealers, such as hedge funds, play a crucial role in providing liquidity during market transactions.
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Unlike dealers who actively buy and sell securities, nondealers participate in transactions without having dealer responsibilities.
Antonyms
Surface Forms
Morphology
Etymology
Nondealer comes from non- 'not' plus dealer, the person who 'deals' cards or sells goods. So a nondealer is someone who is not acting as the dealer, for example a player who must wait while the dealer deals.