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 ?
The PSX statement said the stockbrokers also proposed to resolve the present issue of ready futures transaction at the PSX, which is also hurting the market volumes.
Of this figure, Stanbic IBTC Stockbrokers accounted for N29.1 billion or 21.63 per cent to lead the other stockbrokers on value terms.
Despite the clear provision of the law that the SEC decisions are appealable only to the Court of Appeals, the trial court took hook, line, and sinker the convoluted arguments of the stockbrokers and restrained the enforcement of the SEC order.
"Post decision of SEBI regulation it is imperative for stockbroker to get hold of solution which brings transparency in the trading process.
Section five revisits the data from one of the studies in section three to probe symmetric/asymmetric theories and testing of the relationship between Machiavellianism and (individual case-level) sales performance in the context of stockbrokers; section four includes tests and findings for predictive validity.
The services offered by online stockbrokers are quite cost effective, and with such platforms, one can also have control over the amount of stock that one wishes to purchase or sell.
Bloxham admitted that because of the false figures it gave it doesn't have enough money to meet the licensing requirements of the Central Bank to trade as a stockbroker.
Elaborating further about the steady growth, Eraj Wijesinghe, Chairman-Bartleet Mallory Stockbrokers upbeat at the launch said, "As one of the founder members of the Colombo Stock Exchange we take great pride in offering our unmatched services to areas which has immense potential to power the Sri Lankan stock market.
Barbara-Ann King, head of proposition at Barclays Stockbrokers, said, 'Given the rise in global demand for ETFs since their launch seven years ago, it is evident that some investors in the retail space remain confused as to what they are.
Company's spokesman Peter Wall said: "The continued recognition of our service to clients strengthens our position as the UK's leading independent stockbroker and is a great testament to our growing team of investment managers and stockbrokers."
WHILE markets continue to be volatile following the recent credit crunch, investors have remained buoyant and 72% see market volatility as a buying opportunity, according to Barclays Stockbrokers.
Kenya stockbrokers are now accepting credit card payments for shares in a move that is expected to increase access to the Nairobi Stock Exchange (NSE).