Topic. 7: International stock exchange associations

To reduce the risk of failure to determine the market price and the choice of partner for operations with securities in the stock market use the services of specialists or sales agents.

The most common among these representative agents in the stock exchange market are brokers.
Brokering activities - activities aimed at the conclusion of securities transactions based on contracts commission.

A stock broker is an agent who represents clients to buy or sell stocks and others securities. 

A broker acts as an intermediary acting on behalf of the client and gets rewarded with a commission.

Giving the order to the broker, the client concludes with a written agreement, which defines all the basic characteristics of the future agreement. 

Under the law, at the conclusion of the agreement on behalf of the client, the broker should not have their interest in such a deal.

In the commission of the stock market acts which are commercial brokerage or dealership. 

Dealer carries out transactions on their behalf or at their own expense.

Such activities usually have a speculative nature where the aim is not just a dealer buying and selling of securities, and profit by reselling them successful.

The dealer may also act as broker, in addition to performing their operations and customer orders. 

In such cases, the operations to be performed on behalf of the client will be prioritized and only after the service broker dealer may work on their behalf.