Oluwasegun purpose
Active member
The stock exchange market is a highly organized capital market where securities are bought and sold . these securities are in the form of stocks,shares and bonds. An example is the Nigeria stock exchange in lagos which was founded in 1961 .
It is concerned with the creation of market for second hand securities. The principal dealers In the stock exchange are the jobbers and brokers who act as agent of the individual or firms in the buying and selling of shares.the individuals or the public cannot operate directly on the floor of exchange...
The broker advice his /her client on the current situation on the stock market..at the end of service to the client,a commission is charged called brokerage on the shares which the broker buys or sells on behalf of this client..
The jobbers on the other hand are the main dealers in stocks and shares.and other forms of securities. They deal on wholesale basis in the buying and selling of shares.. The jobber transacts business with brokers and has no direct dealing with the public. The jobber quotes two prices, a lower price for buying and a higher price for selling. The difference between the Jobber's buying and selling price is the profit and is know as the"margin or jobbers turn".....
It is concerned with the creation of market for second hand securities. The principal dealers In the stock exchange are the jobbers and brokers who act as agent of the individual or firms in the buying and selling of shares.the individuals or the public cannot operate directly on the floor of exchange...
The broker advice his /her client on the current situation on the stock market..at the end of service to the client,a commission is charged called brokerage on the shares which the broker buys or sells on behalf of this client..
The jobbers on the other hand are the main dealers in stocks and shares.and other forms of securities. They deal on wholesale basis in the buying and selling of shares.. The jobber transacts business with brokers and has no direct dealing with the public. The jobber quotes two prices, a lower price for buying and a higher price for selling. The difference between the Jobber's buying and selling price is the profit and is know as the"margin or jobbers turn".....
