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what is different between delears and sub brokers in share market?
03-16-2014, 10:24 AM
Post: #3
Fundu Vishy Offline
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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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[] - A.K.Prabhakar - 03-16-2014, 10:11 AM
[] - Fundu Vishy - 03-16-2014 10:24 AM

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