stockbroker

stockbroker
An agent who buys and sells securities on a stock exchange on behalf of clients and receives remuneration for this service in the form of a commission. Before October 1986 (see Big Bang), stockbrokers on the London Stock Exchange were not permitted to act as principals (stockjobbers) and worked for a fixed commission laid down by the Stock Exchange. Since October 1986, however, many London stockbrokers have taken advantage of the new rules, which allow them to buy and sell as principals, in which capacity they are now known as market makers This change has been accompanied by the formal abolition of fixed commissions, enabling stockbrokers to vary their commission in competition with each other. Stockbrokers have traditionally offered investment advice, especially for their institutional investors.

Big dictionary of business and management. 2014.

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  • Stockbroker — Stock bro ker, n. A broker who deals in stocks. [1913 Webster] …   The Collaborative International Dictionary of English

  • stockbroker — n. A person employed by a customer to buy and sell securities on the customer’s behalf. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • stockbroker — 1706, from STOCK (Cf. stock) (n.2) + BROKER (Cf. broker) …   Etymology dictionary

  • stockbroker — ► NOUN ▪ a broker who buys and sells securities on a stock exchange on behalf of clients. DERIVATIVES stockbroking noun …   English terms dictionary

  • stockbroker — [stäk′brō΄kər] n. a person who acts as an agent in buying and selling stocks, bonds, etc …   English World dictionary

  • stockbroker — See: registered representative A stockbroker is a member of the London Stock Exchange who buys and sells shares on your behalf for a brokerage fee. Financial Services Glossary A securities firm which provides advice and dealing services to the… …   Financial and business terms

  • stockbroker — noun ⇨ See also ↑broker ADJECTIVE ▪ large ▪ leading ▪ private client (BrE) ▪ City (BrE) ▪ online …   Collocations dictionary

  • stockbroker — UK [ˈstɒkˌbrəʊkə(r)] / US [ˈstɑkˌbroʊkər] noun [countable] Word forms stockbroker : singular stockbroker plural stockbrokers business someone whose job is to buy and sell shares in companies for other people Derived word: stockbroking noun… …   English dictionary

  • Stockbroker — Stock|bro|ker, auch Stọck Bro|ker [... broukə] der; s, <aus engl. stockbroker »Makler« zu stock »Aktien « u. broker »Altwarenhändler, Trödler«> Börsenmakler, Wertpapierhändler (Börsenw.) …   Das große Fremdwörterbuch

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