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Stock Broker
RequirementsServices providedHistorySimilar rolesActing as a principalTransactions by stock brokers in the US and UKBrokerage termsExplanation of a City Traders Job
RequirementsServices providedHistorySimilar rolesActing as a principalTransactions by stock brokers in the US and UKBrokerage termsExplanation of a City Traders Job
Brokerage terms
'''Front office''': This is a description of the part of a brokerage firm that is "client facing". The sales staff, brokers and traders are part of the front office. Functions of the front office include acquisition and entry of orders, fulfillment of the orders, and all the regulatory reporting for the orders.'''Back office:''' The back office is where the clearance processing of the trades is done. Transfer of securities and money and the tracking of "failure to deliver" is handled. Securities lending for a brokerage firm, wherein shares of a security that is being sold short are to ensure they can be delivered, is usually included in the back office as well.
'''Bulls:''' A bull is a term used in the stock exchange market to refer to a stock market optimist who believes that share prices are likely to go higher, and who acts according to his investment operations.
*Prime brokerage
*Retail broker
*Low cost broker
*Boutique brokerage
