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Lecture 17: Brokers, Dealers, Exchanges & ECNs. Brokers, Dealers Exchanges & ECNs Brokers deal with public. Example: Merrill Lynch Dealers execute trades.

Lecture 17: Brokers, Dealers, Exchanges & ECNs. Brokers, Dealers Exchanges & ECNs Brokers deal with public. Example: Merrill Lynch Dealers execute trades.

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