DEFINITION of 'Privilege Dealer '
An individual or a securities firm that is registered as a market maker or specialist in listed options. A privilege dealer trades futures or options with their gains and losses being subject to a complex set of rules.
Also known as an options dealer.
BREAKING DOWN 'Privilege Dealer '
An options dealer can also be a dealer in regular securities like stocks, bonds, notes, mortgages, bills of lading and bills of exchange. They are subject to the same treatment as a securities dealer with respect to transactions.