Reporting Dealer

The term refers to banks or other financial services firms that report information about their market activities to a monetary authority or central bank. The information is used to compile statistics and help determine monetary policy. For example, since 1998 G10 central banks have been supplying the Bank for International Settlements (BIS) with data on activity in (OTC) derivatives markets reported to them by dealers in their respective countries. In the United States, dealers in government securities report their positions and trading volumes to the Federal Reserve. The information is used by the Fed to conduct open market operations and monetary policy.

See also: Primary Dealer