WHat is the difference between a stock broker and a stock trader?
2007-03-29 02:17:58 · 3 answers · asked by or 1 in Business & Finance ➔ Investing
A broker works for a brokerage firm (a sell-side institution). A trader works for a buy-side institution (mutual fund, investment advisory firm, insurance company, etc.) or for himself.
Brokers don't care what they sell and at what prices, as long as they get to sell a lot of it. Trades (professional ones anyway) work to make sure that they are transacting at the best possible price at the lowest possible cost.
2007-03-29 05:58:29 · answer #1 · answered by NC 7 · 2⤊ 0⤋
The broker works in an office and takes money from customers to buy stocks. The broker then contacts a trader in his company, to find a seller. In the case of the NYSE, the trader goes on the trading floor and looks for a trader who has that stock to sell.
At NASDAQ, it is all done electronically.
2007-03-29 02:24:58 · answer #2 · answered by regerugged 7 · 0⤊ 0⤋
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2016-02-16 12:27:27 · answer #3 · answered by ? 3 · 0⤊ 0⤋
A stock broker is someone who takes orders for someone (usually a client of the firm) and then sends them for execution, either electronically or by a trader.
A stock trader is usually someone who trades for a brokerage firm, client, or themselves.
2007-03-29 03:02:00 · answer #4 · answered by xls8000 2 · 0⤊ 0⤋