thread: Dreamjobs
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  #25  
04-08-2005, 09:32 AM
soulstice
Howler Punk
 
: Jan 2005
: Gone.
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soulstice  (10)

:

And Soulstice, by "stockbroker" I assume you mean working on the stock exchange floor. These people are actually "stock market traders". A stockbroker by definition is a company or organisation of market traders who act as a middleman between the market and investors. They sell you stock, or buy stock from you, in other words. The traders who work on the floor of the stock exchange are quickly being replaced by electronic systems.
A stockbroker invests in the stock market for individuals or corporations. Only members of the LSE can actually process transactions, so whenever individuals or corporations want to buy or sell stocks they must go through a brokerage house. Stockbrokers often advise and inform their clients on appropriate investments. Brokers explain the workings of the stock exchange to their clients and gather information from them about their needs and financial ability, and then determine the best investments for them. The broker then sends the order out to the floor of the LSE by computer or by phone. When the transaction has been made, the broker supplies the client with the price. The buyer pays for the stock and the broker transfers the title of the stock to the client and performs clearing and settlement procedures.


Basically, this is what I want to do. I know it's just going into further detail on what you said, but what the hey.
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