Explain the following: Jobber.

CS Executive · Capital Markets & Securities Laws · PYQS · December 2021
Explain the following: Jobber.

Answer & Explanation:

Jobbers are member brokers of a stock exchange who specialize, by giving two-way quotations, in buying and selling of securities from and to fellow members. Jobbers do not have any direct contact with the public but they serve the useful function of imparting liquidity to the market.

Topics: Stock Market Participants

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