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Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
Jobber or Taravaniwallah A person who trades in shares, and who is located at a particular trading post on the floor of the stock exchange. He buys and sells for a small difference in price, which is called the SPREAD. If he bids at Rs 64 and offers at Rs 66, it means that he will buy a share at Rs 64 and sell it at Rs 66, keeping Rs 2 as his margin. His spread depends on the demand and supply of a share in the stock market. In London Stock Exchange he is called a market – maker, while in New York he is called a specialist. He has no contact with the investing public.
The Bombay Stock Exchange has made it mandatory for every company with a share capital of over three crores to appoint jobbers or market – markers if it seeks enlistment. This will enable investors to have both buy and sell quotations on the stock exchange, and increase the liquidity of shares.
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Share Market Terms , Definition and Meaning - Alphabetical LISTING - A, B, C, D, E, F, G, H, I, J, K, L, M, N, O, P, Q, R, S, T, U, V, W, Y, Z
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