Who are brokers and jobbers?

Jobber is a dealer who deals in buying and selling of securities. Broker is an agent who deals in buying and selling of securities on behalf of his client. A broker Acts as a link between the jobber and the investors. He trades i.e. buyers and sells securities on behalf of its investors.

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Accordingly, who is a jobber in stock exchange?

Jobbers, also called "stockjobbers," acted as market makers. They held shares on their own books and created market liquidity by buying and selling securities, and matching investors' buy and sell orders through their brokers, who were not allowed to make markets.

Secondly, who are discount brokers? A discount brokerage is a business that allows clients to buy and sell securities but does not provide advice, research, planning or other investment services. Clients who use discount brokerages usually have little to no interaction with a real broker. As a result, discount brokerages charge lower fees.

Keeping this in view, what are the duties of a stock broker and jobber?

Brokers carry out transactions for the investors who hire them. Jobbers, on the other hand, exist to make sure that when brokers need to buy or sell shares for a client they have someone to buy from or sell to.

Why do I need a broker?

This is the main reason, why people go for stock brokers. They also help you to manage your investments and money in the Indian stock market. Being in the stock market for years, they know the best path for your money. A stock broker helps their clients to build a portfolio and also help to manage it.

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