A stockbroker is a regulated professional individual, usually associated with a brokerage firm or broker-dealerwho buys and sells stocks and other securities for both retail and institutional clients through a stock exchange or over the counter in return for a fee or commission.

Stockbrokers are known by numerous professional designations, depending on the license they hold, the type of securities they sell, or the services they provide.

In the United States, a stockbroker must pass both the Series 7 and either the Series 63 or the Series 66 exams in order to be properly licensed. The first stockbroking began in Romewhere the first recorded buying and selling of shares occurred in the 2nd century BCE.

After Rome fell, stockbroking did not become a realistic career until after the Renaissancewhen government bonds traded in Italian city-states such as Genoa or Venice. New stock exchanges opened their doors in the 16th and 17th centuries, including the London Stock Exchangewhich was opened at a coffee shop in In Canada, a stockbroker is called a "Registered Representative" or an "Investment Advisor". Within 30 months of obtaining their designation as a "Registered Representative", the registrant is further required to meet the post-licensing proficiency requirement to complete the Wealth Management Essentials course WME.

A Registered Representative is also required to complete 30 hours of professional development product knowledge and 12 hours of compliance training every three year continuing education cycle as set out by the Investment Industry Regulatory Organization of Canada IIROC. To become a representative one has to work for a licensed firm and pass 3 exams to prove one's competency.

Passing a fourth exam results in obtaining a 'specialist' license. All tests can be taken with the HKSI. However, passing all tests doesn't result in automatically obtaining the license. It still needs to be approved by the financial regulatory body. Stockbrokers typically earn a bachelor's degree in finance or business administration.

Students study the principles of economics and currency, financial planning and financial forecasting. On-the-job training programs are often available to aspiring stockbrokers, which allow them to gain practical experience and work towards earning the required professional licenses. In Singapore, becoming a trading representative requires passing 4 exams, Modules 1A, 5, 6 and 6A, from the Institute of Banking and Finance and applying for the license through MAS and SGX.

Stockbroking is a regulated profession in the UK and brokers must achieve a recognised qualification from the Financial Conduct Authority FCA 's Appropriate Qualifications list.

A number of qualifications are available and the one a trainee does will depend on their duties and their employer.

CFA UK also offers qualifications. It represents the interests of around 11, investment professionals and is part of the worldwide network of members of the CFA Institute. While the term "stockbroker" is still in use, more common terms mcalester livestock auction market report "broker", "financial advisor", "registered rep. Individuals holding some of those licenses, such as the "Series 6", cannot be called stockbrokers since they are prohibited from selling stock and are not trained or licensed in the full array of capabilities broker stock exchange market in india a Series 7 stockbroker see list of securities examinations.

Selling variable products such as a variable annuity contract or variable universal life insurance policy typically requires the broker to also have one or another state insurance department licenses. Professional titles similar to that of stockbroker include investment advisor forex trader resume sample, and financial advisor.

A "financial advisor" may or may not be a stockbroker, since some Series 6 licensed individuals—who are prohibited from selling stock—have that as their professional title. An "investment advisor", registered investment advisoror investment advisor representative has training and capabilities similar to that of a stockbroker, but different licensing and different regulatory oversight.

Many individuals hold forex brokers with free welcome bonus licenses, and might typically manage commission-based accounts as a stockbroker and fee-based accounts as an RIA investment advisor, or investment advisor representative IAR.

10 Things You Need to Know About India's Stock Market

The Financial Industry Regulatory Authority FINRA provides an online tool designed to help understand professional designations. Best brokers in India Comparison. From Wikipedia, the free encyclopedia. Stockbroker A Bloomberg Terminal stockbroker with a multi-monitor workstation. The Little Crash in '62 broker stock exchange market in india, in Business Adventures: Twelve Classic Tales from the World of Wall Street. EconomicsFinancial Markets: Lecture 4 — Portfolio Diversification and Supporting Financial Institutions Open Yale Courses.

Retrieved September 15, Primary market Secondary market Third market Fourth market. Common stock Golden share Preferred stock Restricted stock Tracking stock. Authorised capital Issued shares Shares outstanding Treasury stock. Broker-dealer Ruger no 1 laminated stock trader Floor broker Floor trader Investor Market maker Proprietary trader Quantitative analyst Regulator Stock trader.

NSE - National Stock Exchange of India Ltd.

Electronic communication network List of forex pin bar strategy exchanges Opening times The definitive guide to swing trading stocks review trading facility Over-the-counter.

Alpha Arbitrage pricing theory Beta Bid—ask spread Book value Capital asset pricing model Capital market line Dividend discount model Dividend yield Earnings per share Earnings yield Net asset value Security characteristic line Security market line T-model. Algorithmic trading Buy and hold Concentrated stock Contrarian investing Day trading Dollar cost averaging Efficient-market hypothesis Fundamental analysis Growth stock Market timing Modern portfolio theory Momentum investing Mosaic theory Pairs trade Post-modern portfolio theory Random walk hypothesis Sector rotation Style investing Swing trading Technical analysis Trend following Value investing.

Block trade Cross listing Dark liquidity Dividend Dual-listed company DuPont analysis Efficient frontier Flight-to-quality Haircut Initial public offering Margin Market anomaly Market capitalization Market depth Market manipulation Market trend Mean reversion Momentum Open outcry Public myer chadstone opening hours today Public offering Rally Returns-based style analysis Reverse stock split Share repurchase Short selling Slippage Speculation Stock dilution Stock market index Stock split Trade Diy chocolate covered nuts rule Volatility Voting interest Yield.

Economic history of the Netherlands.

Amsterdam Stock Exchange Bank of Amsterdam Amsterdamsche Wisselbank Brabantsche Compagnie Compagnie van Verre Dutch East India Company Dutch West India Company New Netherland Company Noordsche Compagnie. De Nederlandsche Bank Stichting Max Havelaar. Pieter de la Court Joseph de la Vega Louis De Geer Gerard Adriaan Heineken Isaac Le Maire Johan Palmstruch Anton Philips Gerard Philips Nico Roozen Coenraad Johannes van Houten Frans van der Hoff A.

Bear raid Central banking Collective investment schemes Common stock Corporate bond Corporate finance Corporate governance Corporate social responsibility Dividend dividend policy Dutch auction Fairtrade certification fairtrade labellingfair trade labelling initiativefair trade certification initiative Formal capital markets Futures contract formal futures markets Government debt public debtnational debt Initial public offering IPO Investment banking Listed company Mutual fund Open art market Outward foreign direct investment FDI Public company publicly traded company Secondary markets Securities markets Securitization Share finance Shareholder activism activist shareholder Shareholder advocacy Shareholder revolt shareholder rebellion Stock certificate Short selling naked short selling Stock exchange Stock market equity market Stockbroker Stock trader Stock trading Technical analysis Tontine Transnational corporation.

Financial markets Financial capitalism Financial revolution International financial centres global financial centres Economic growth Economic boom Economic miracle Economic bubble financial bubblespeculative bubble Stock market crash Deindustrialization. Violet Barbour Fernand Braudel Reuven Brenner Jan de Vries William N. Goetzmann Jonathan Israel Deirdre McCloskey K. Geert Rouwenhorst Jacob Soll Edward Stringham Richard Sylla Peter J. Hollander beater ; Wind-powered sawmill.

Financial history of the United Kingdom ; History of the British national debt ; History of British financial markets ; Bank of England ; Cornelius Vermuyden ; Bernard Mandeville.

An Introduction To The Indian Stock Market

Early industrialization in Sweden ; History of European banknotes ; Bank of Sweden ; Johan Palmstruch ; Louis De Geer. Retrieved from " https: Finance occupations Stock market Occupations Investment Stockbrokers. Pages using deprecated image syntax All articles with links needing disambiguation Articles with links needing disambiguation from October All articles with unsourced statements Articles with unsourced statements from October Navigation menu Personal tools Not logged in Talk Contributions Create account Log in.

Views Read Edit View history. Navigation Main page Contents Featured content Current events Random article Donate to Wikipedia Wikipedia store.

Interaction Help About Wikipedia Community portal Recent changes Contact page. Tools What links here Related changes Upload file Special pages Permanent link Page information Wikidata item Cite this page.

In other projects Wikimedia Commons.

NSE - National Stock Exchange of India Ltd.

This page was last edited on 15 Juneat Text is available under the Creative Commons Attribution-ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Privacy policy About Wikipedia Disclaimers Contact Wikipedia Developers Cookie statement Mobile view.

A Bloomberg Terminal stockbroker with a multi-monitor workstation. Wikimedia Commons has media related to Stockbrokers.

Pre Amsterdam Stock Exchange Bank of Amsterdam Amsterdamsche Wisselbank Brabantsche Compagnie Compagnie van Verre Dutch East India Company Dutch West India Company New Netherland Company Noordsche Compagnie.