stockbroker

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Stockbroker

Broker

A person or firm that conducts transactions on behalf of a client. Some brokers only conduct transactions while others also offer different types of investment advisory services. Brokers derive their profit from commissions on orders given. That is, they usually collect a percentage of the value of each transaction, though some charge flat fees. Clients may give orders in a variety of ways. One may meet with a broker, call on the telephone, or give orders over the Internet. Brokers handle two main types of brokerage accounts: advisory accounts and discretionary accounts. Brokers are only allowed to conduct transactions on advisory accounts on the specific orders of the account holder, or under very specific instructions. On the other hand, they have much more leeway over discretionary accounts, conducting transactions not prohibited by the account holder in accordance with the holder's investment goals and the prudent man rule. In practice, most brokerage firms are in fact broker-dealer firms. Most brokers must register with the SEC.

stockbroker

stockbroker

a business which acts as a market intermediary in bringing together buyers and sellers of financial securities such as STOCK, SHARES and BONDS. See STOCK MARKET, AGENT, TRADER/DEALER, STOCKBROKING.

stockbroker

an agent who acts on behalf of clients in buying and selling FINANCIAL SECURITIES such as STOCKS, SHARES and BONDS in return for a commission. Some stockbrokers also act as ‘jobbers’, that is, they act as principals in ‘making a market’ in securities. See MARKET MAKER, STOCK EXCHANGE.
References in periodicals archive ?
Local stockbrokerage Papa Securities said it continued to remain wary even as the US market had ended positively last Friday.
The same day a stockbrokerage in London said it was putting together a consortium to buy the Telegraph Group and that it would make a cash offer.
The American Institute of CPAs stockbrokerage and investment banking committee released for comment an exposure draft of a proposed audit and accounting guide, Audits of Brokers and Dealers in Securities.
In a research note, leading online stockbrokerage COL Financial said that assuming the sale of the entire shares at an offer price of P85 each-which assumes a 20-percent discount from Tuesday's closing price-core tier 1 capital and overall capital adequacy ratio (CAR) of Metrobank would increase to 17 percent and 20 percent, respectively.
He is involved with the AICPA accounting standards executive committee (AcSEC) and the stockbrokerage and investment banking committee.
IFBA owns a 92% stake in Agricola and majority stakes in subsidiaries in the insurance, stockbrokerage and pension fund management sectors.
Additionally, IFBA owns majority stakes in subsidiaries involved in the insurance, stockbrokerage, and pension fund management sectors.
Stockbrokerage BDO Nomura, for instance, has projected a rise in the local stock barometer to a new high of 9,100 by next year on expectations of faster corporate earnings growth.
A graduate of Oxford University in England and the University of Cape Town, where he received his MBA, George was a member of the Johannesburg Stock Exchange from 1969-1981 and was senior partner of the Johannesburg stockbrokerage Saunders & Taylor.
Philippine markets kept to bargain-hunting despite the light trading value due to the (US) Thanksgiving holidays,' said Luis Gerardo Limlingan, managing director at local stockbrokerage Regina Capital Development.
O) principal activities are private, corporate and investment banking, as well as stockbrokerage services in Mexico.
With the transaction, Pure Foods will be a 'super consumer play,' said local stockbrokerage Papa Securities, noting that Pure Foods could eventually outpace Universal Robina Corp.