A specialist on the stock exchange who buys and sells securities in his own name is a
Answer Details
A specialist on the stock exchange who buys and sells securities in his own name is a Jobber.
A jobber is a professional who operates on the trading floor of a stock exchange and buys and sells securities for his own account. Jobbers are independent traders who use their own capital to buy and sell securities, and they specialize in specific stocks or types of securities. They make money by buying securities at a lower price and then selling them at a higher price, or by selling securities at a higher price and then buying them back at a lower price.
In contrast, brokers are intermediaries who act as agents for their clients and buy and sell securities on their behalf. Brokers do not use their own capital, but instead earn a commission or fee for their services. Stags and bulls are types of investors on the stock exchange who try to make a profit by buying securities that they expect will increase in value.
Overall, jobbers play an important role in the stock exchange by providing liquidity and helping to facilitate the buying and selling of securities.