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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Do we gain for what we pay brokers?

Do we gain for what we pay brokers?

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1Do we gain for what we pay brokers? Empty Do we gain for what we pay brokers? Sun Dec 18, 2011 7:52 pm

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
What might be the brokers duty? simply recommend shares for investors without any accountability? or doing business with more logical and fair way. shouldn't they responsible what they recommend, since we pay them ? pls, share your good and bad experiences. bounce santa flower

2Do we gain for what we pay brokers? Empty Stock Broker Sun Dec 18, 2011 8:07 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Following details may explain regarding Stockbroker.

Stockbroker
What is the work like?
Stockbrokers bring together people within the investment marketplace who want to either buy and/or sell stocks, bonds and other assets (collectively known as securities). Clients may be institutions or individual investors. Stockbrokers act upon instructions given by clients, offering one or a combination of these three services:
• discretionary - managing investments and authorised by clients to buy and sell stocks and shares without seeking further permission
• advisory - giving advice about investments and which shares they recommend buying and selling, but not necessarily executing the trade
• execution only - acting purely on instructions each client provides to sell or buy stocks and share, but not providing advice.
Stockbrokers in large companies may specialise in security dealings or advisory work. In smaller organisations they perform both functions.
A stockbroker's responsibilities include:
• managing and reviewing clients' investment portfolios to check results and recommend appropriate changes
• researching financial markets, working closely with investment analysts who report on how companies and markets are performing
• analysing and interpreting individual or corporate client investment objectives
• answering clients' questions
• keeping clients informed about the performance of investments
• preparing investment recommendations for restructuring portfolios and advising on investment selections
• executing trades or instructing stock market traders to achieve the best market prices
• marketing their services to new clients.
In larger companies, stockbrokers usually specialise in certain markets such as technology, energy or finance, or in specific geographic regions such as South East Asia or the Middle East. Those working for private clients may be known as wealth managers. Other similar job titles include equity trader, broker or dealer.
Skills and personal qualities
A stockbroker should be:
• articulate, with excellent verbal and written communication skills
• decisive and confident, with good judgment
• ethical and professional
• focused, with the ability to analyse complex information, calculate risks and forecast trends
• calm when working in a lively, fast-paced environment
• able to take initiative but equally good working in a team setting
• numerical, with good IT skills
• accurate and organised
• confident networkers
• determined to succeed
• customer focused, building and maintaining clients' trust.
Interests
It is important to:
• be interested in financial markets and the global economy
• Enjoy pressurised negotiation.




3Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Sun Dec 18, 2011 8:09 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Following details may explain Stock Market Dealer/Trader.

Stock Market Dealer/Trader
What is the work like?
Stock market dealers and traders buy and sell shares, bonds and other assets on behalf of investors. They use their knowledge and judgement to invest in a way that will make the highest profits whilst taking account of financial risk.
Traders fall into three main categories:
• market traders buy and sell products on behalf of clients
• sales traders deal directly with clients, and take instructions, place orders and advise clients of market developments and new financial ideas
• proprietary traders invest on behalf of their employing bank (this role is less prevalent).
They may trade in different products, including:
• shares (also known as stocks or securities) in companies listed on the Stock Exchange
• fixed-interest bonds - loans issued by a government or company, which pay interest
• futures and options (also known as derivatives) - an agreement to buy or sell a specified quantity of a commodity, such as oil, wheat or sugar, at a set price on a specified date
• gilts - government bonds issued to raise public funds
• foreign currencies.
A trader's working day is likely to include:
• making decisions on the products to buy and sell, using his or her judgement on how the markets are likely to move
• carrying out trades, either by phone or online
• checking share prices on screen
• analysing data received from the bank's researchers about market trends
• keeping up-to-date with financial and political news across the world, which can affect prices
• sharing information with clients and colleagues.
Traders must be constantly alert to sudden events that may result in large sums of money being made or lost in minutes. They have to be prepared to make quick, well-informed decisions in this pressurised environment.
To succeed, traders must build strong relationships with others in the market, including brokers, analysts and investors.
Skills and personal qualities
A dealer or trader must:
• be self-confident, self-motivated, ambitious and competitive
• work effectively under constant pressure
• have a strong understanding of the financial markets
• have strong analytical, numerical and literacy skills
• have good communication skills
• have an eye for opportunities and be able to make informed decisions quickly
• have a good memory for facts, events and news, and be able to link these together
• build good relationships with colleagues and clients
• be trustworthy and responsible.
Interests
It is important to:
have genuine enthusiasm for the financial world
enjoy networking.

4Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Sun Dec 18, 2011 8:16 pm

notme

notme
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
nice work KUMAR also good remind for brokers.

5Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Sun Dec 18, 2011 9:39 pm

Kumar

Kumar
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
@notme wrote:nice work KUMAR also good remind for brokers.

Thanks to my dad, providing the info.

6Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 2:42 am

CSE.SAS

CSE.SAS
Global Moderator
Very good work kumar...keep it up

7Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 7:55 am

Leo

Leo
Manager - Equity Analytics
Manager - Equity Analytics
Does your brokers provide those services?My broker really adviced me to how to go to hell. Hate brokers. Hope CSE will reduce our broker remove broker charges and let us trade directly.

8Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 8:39 am

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
If new SEC wants to do a real difference, slashing the broker charges in a huge way would be the one. Credit would only give a couple of days of panic buying.

9Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 9:51 am

hunter

hunter
Moderator
Moderator
@aj wrote:If new SEC wants to do a real difference, slashing the broker charges in a huge way would be the one. Credit would only give a couple of days of panic buying.

Agreed!!

10Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 9:58 am

manula


Vice President - Equity Analytics
Vice President - Equity Analytics
@aj wrote:If new SEC wants to do a real difference, slashing the broker charges in a huge way would be the one. Credit would only give a couple of days of panic buying.

agreed. simply the borckers get good commision from our every transaction... with out doing any thing.. no advcie..no help.. I think this will be a good work if you can be a broker Very Happy



Last edited by manula on Mon Dec 19, 2011 10:09 am; edited 1 time in total

11Do we gain for what we pay brokers? Empty Re: Do we gain for what we pay brokers? Mon Dec 19, 2011 10:08 am

arrowms


Manager - Equity Analytics
Manager - Equity Analytics
Do we gain for what we pay brokers?
We do not gain from both brokers and CSE but we pay for their useless service

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