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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
Transactions by stock brokers in the US and UK
'''In the US:''' When acting as an agent, the stockbroker typically charges the client a flat fee and/or a percentage-based commission for undertaking the trade, and the price quoted the client must be the best price available in the market. When acting as a principal, the trade could be with another market participant or one of the stockbroker's clients. When trading in a principal capacity with client, the broker informs the client and charges the client a markup or markdown from the prevailing market price.'''In the UK:''' Stock brokers act the same in the UK as in the US, except that when trading in a principal capacity with a client, the broker is obliged to inform the client and no commission is charged.
Other jurisdictions are thought to have similar rules.