What is the meaning of stockjobber?

Definition of stockjobber. : one who deals in stocks: such as. a : a member of the London Stock Exchange who deals speculatively with brokers or other jobbers and usually specializes in one class of securities.

What is a jobber in the stock market?

Definition of stockjobber. : one who deals in stocks: such as. a. : a member of the London Stock Exchange who deals speculatively with brokers or other jobbers and usually specializes in one class of securities. — called also jobber.

How do jobbers make money?

Jobbers typically post two prices for a stock: what they'll buy it for and what they'll sell it for. The sell price will be slightly higher, which is how jobbers make their money. Generally, if you hear the terms "broker" and "jobber" used together, it's in reference to the London Stock Exchange.

How did a jobber create market liquidity?

They held shares on their own books and created market liquidity by buying and selling securities, and matching investors' buy and sell orders through their brokers, who were not allowed to make markets. The term "jobber" is also used to describe a small-scale wholesaler or middleman in the retail goods trade.