who are jobbers?
This query is : Resolved
25 August 2008
hello experts
Who are "jobbers" in the stock exchange parlance? how exactly they are differenent from brokers? please provide example.
Who are "jobbers" in the stock exchange parlance? how exactly they are differenent from brokers? please provide example.
25 August 2008
A broker is a member of a Stock Exchange who is authorised for dealing in securities at the Exchange on its own account or for its customers.
Jobber is a specific term used in the context of persons dealing in intraday securities with an intention to make a profit on account of price difference at two moments of the day.
Jobber is a specific term used in the context of persons dealing in intraday securities with an intention to make a profit on account of price difference at two moments of the day.
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