What is a Jobber?
Jobber is a slang term for an agent in business, particularly trading.
How Does a Jobber Work?
In the broadest sense of the word, a jobber is an individual who makes a living from commissions he/she earns as an agent for transactions between two parties. In this respect, a jobber might sell merchandise produced by someone else or hire himself out for various types of short-term work.
In the London Stock Exchange, a jobber is equivalent to a market maker -- a broker who is prepared to buy and sell stocks at highly competitive prices on behalf of market participants.
Why Does a Jobber Matter?
Jobbers make the process of trading shares on the London Stock Exchange more efficient. Jobbers buy and sell their own inventory of securities to investors. Because jobbers can offer relatively fast transactions and the most current share prices to traders, they make trades happen faster and therefore make the market more liquid.
Personalized Financial Plans for an Uncertain Market
In today’s uncertain market, investors are looking for answers to help them grow and protect their savings. So we partnered with Vanguard Advisers -- one of the most trusted names in finance -- to offer you a financial plan built to withstand a variety of market and economic conditions. A Vanguard advisor will craft your customized plan and then manage your savings, giving you more confidence to help you meet your goals. Click here to get started.
Read This Next
Financial ratios can help to make sense of the overwhelming amount of information that can be found in a company's...
Read More →
Where did all the jobs go? And where did all the good jobs go? It's a question 13.9 million unemployed Americans and countless disgruntled workers have wondered since the "Great...
Read More →
Tired of dragging credit card debt around with you? Then do a balance transfer to transfer debt from a high-interest credit card to one with a lower interest rate. This hack could save...
Read More →
When it comes to funds, investors have an abundance of metrics at their disposal to help them separate...
Read More →
You've probably heard his popular catchphrase, "You're fired!" The Donald has long been a bombastic figure on the American financial scene. He is a well-known real...
Read More →
