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 ?
It happened during the market crash in 2008 that swept away over a trillion rupees and no participant, including stockbrokers, could escape the damage.
Stockbrokers were asked to talk to clients to gauge interest in buying and selling securities on different exchanges and to give input to the design and rollout.
Adviser to Prime Minister on Finance Abdul Hafeez Shaikh accepted the proposal to form the fund at a meeting with the Pakistan Stock Exchange's (PSX) board of directors and senior stockbrokers on Friday, it was learnt.
According to the NSE report, the 10 leading stockbrokers accounted for 76.99 per cent or N103.42 billion of the total value of trade and 53.32 per cent or 5.76 billion shares of the total volume between August 1 to August 31, 2018.
By deploying MyOperator, efficiency among the stockbrokers will increase to manage and handle calls during peak trading hours.
An implication here is that a sales manager does not need to consider age or gender if a job applicant for a stockbroker scores if the applicant has a very high score on Mach-BR, the very high score on the Mach-BR scale indicates that the applicant will deliver high sales performance.
Our stockbroker, ScotiaMcLeod, is a full service broker and charges a commission fee per sale on a sliding scale of 1-1.5% of the total sale price for their services with a minimum fee of $125 per sale.
The stockbroker and has been working with the client ever since.
Shirley Hambridge, admissions administrator, said: "Every year we do all sorts of things to raise money for charity, from cake sales to Race for Life, "The stockbroker game proved to be really good fun; lots of people 'bet' more than once, hoping to reverse their fortunes if they picked a box with nothing or build on their good luck so far."
One of Birmingham's oldest stockbrokers - which has been a fixture of the city for nearly 120 years - has collapsed after struggling to pay its debts.
When purchasing or selling stocks, services offered by a reliable stockbroker can prove to be quite useful.
Atilla the Stockbroker on June 30 and Tobacco Road on July 14.