Chapter 05 - Casas de Cambio - Brokers versus Dealers/Market Makers | |
Author(s): Paiano, Frank College: Southwestern College Subject: Banking and Finance |
Description
What is the difference between a broker and a dealer (a.k.a. a market maker)? Brokers charge a commission. Dealers / market makers make money from the difference (a.k.a. the spread) between what they buy and sell the security. This video uses the Casas de Cambio (money exchange houses) along the San Diego / Tijuana border to demonstrate how brokers and dealers charge investors for their services.
License
This work is licensed under a Creative Commons Attribution 4.0 International License.