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Re:Goldman Sachs Plans to Clear Bitcoin Futures When They Go... by cm2187 on Thursday December 07, 2017 @06:37PM (#15875406)
No more like a broker. When you buy stocks through your broker, all the broker does is to pass on your order to the exchange, and to report when it was executed. The broker doesn’t take any risk, other than you not making a payment after you gave the buy order.

If the broker was a market maker, he would keep an inventory of that stock and your order would be filled by the broker directly. Who would then report and clear the transaction on the exchange.

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