Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ?

Assessment: JAMB UTME - Commerce - 2002 Subject: Commerce

Question 1 Report

Recognized members of the Stock Exchange who buy and sell securities on their own behalf are known as ?
Answer Details
Members of the Stock Exchange who buy and sell securities for their own account are known as "jobbers." Jobbers act as market makers, providing liquidity to the market by buying and selling securities at their own risk. They make their profits by buying securities at a lower price and selling them at a higher price, or by selling securities at a higher price and then buying them back at a lower price. Unlike brokers, who act as intermediaries between buyers and sellers, jobbers trade directly with other members of the exchange.
Read lesson note on Stock Exchange (JAMB)
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