Which of the following is a broker dealer mentioned in the text?

Study for the Financial Information Associate (FIA) Test. Get ready with flashcards and multiple choice questions, each with detailed explanations. Prepare for your financial career!

Tullett Prebon is recognized as a broker-dealer in the financial services industry, specializing in inter-dealer brokering. This role involves facilitating trading between institutional clients and alternatively acting as a market maker. Broker-dealers are essential in providing liquidity to the markets and helping clients execute buy and sell orders.

While Goldman Sachs, J.P. Morgan, and BofA Merrill Lynch can also function in a broker-dealer capacity, they are predominantly known as investment banks or financial services firms, and thus may not always fit the term "broker-dealer" in the same narrow sense. Tullett Prebon's specific focus as a broker-dealer distinguishes it clearly in this context, making it the most appropriate choice among the options presented.

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