Concept – Jobber
Jobber is a member of a stock exchange. He is a person who deals on his own account and has no direct contact with the general public. It is from him that the broker buys and to whom that the broker sells securities. He generally specializes in a particular class of shares or securities, e.g. Govt. securities, Textile shares etc. A jobber is the principal dealer in securities and his remuneration takes the form of “jobber’s turn”.
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