The dealers who buy and sell stocks and shares in their own name are called

Dealers who buy and sell stocks and shares in their own name are called jobbers. Unlike brokers, jobbers don't act as intermediaries between buyers and sellers. They trade on their own account, taking on the risk of holding stocks and shares until they can find a buyer or seller willing to take them off their hands. Jobbers are important players in the stock market, providing liquidity and helping to keep prices stable by absorbing fluctuations in demand.