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+--- Thread: what is different between delears and sub brokers in share market? (/thread-110549.html)
what is different between delears and sub brokers in share market? - Amit - 03-16-2014 10:07 AM
what is the job of delear and same for sub broker????
- A.K.Prabhakar - 03-16-2014 10:11 AM
Dealer is a employee of a company it can be a Broker or Sub-broker his main job is to Punch orders of clients, Give market updates and share views expressed by Research on Market and Stocks. Dealer is the main interface between a client and the Company. Sub-broker is a business man on his own who can also do the job of the dealer but he has more responsiblity compared with a dealer and his income is based on volumes he generates. http://prabhakar-views.blogspot.com
- Fundu Vishy - 03-16-2014 10:24 AM
A Sub broker is an entity (including an individual) who is registered as a Sub Broker through a Broker. This enables the sub broker to participate on behalf of his customers in the equity market.
A Dealer is a person who executes the trades on behalf of the customers on the trading system. To be a dealer, one has to be qualified by clearing the requisite NCFM examinations.
Thus, a sub broker is an entity enrolled to carry on the business of transacting in securities on behalf of its clients through the main broker while a dealer is the one who executes the transactions on the exchange platforms.
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