Market Participants

Stockbroker

Definition

What is Stockbroker?

A licensed intermediary that buys and sells exchange-traded securities for clients.

Example in practice

The stockbroker submits the investor's order to the exchange.

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A person or firm that executes securities transactions for clients.

A person or firm that buys and sells securities for its own account.

A firm that acts as an agent for clients and as a principal in its own trades.

The highest price a buyer is currently willing to pay for a security.

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