An underwriter or a broker-dealer who trade with other broker-dealers, rather than with the retail investor. Bloomberg Financial Dictionary
* * *
a person or company that sells goods in large quantities to businesses, rather than to the general public:
• The import Company employs approximately 120 people and operates through a nationwide chain of wholesalers.
— compare retailer* * *
wholesaler UK US /ˈhəʊlˌseɪlər/ noun [C] COMMERCE
► a person or company that sells goods to stores or other businesses, etc. rather than to the public: »
Factory gate prices may be rising, but it is retailers and wholesalers, not consumers, who are shouldering this burden.
»a book/drug/food/wine wholesaler
Financial and business terms. 2012.