Brokers Finance

A person who is paid a commission for fulfilling the customer orders are generally known as brokers. Brokers-finance usually buy and sell shares, property and bonds for investors which includes individuals as well as banks. Finance brokers aim to make prices and performs trading with maximum properties at least financial risk. Finance brokers may specialize in a particular trading such as:
  • Shares
  • Fixed-interest bond
  • Foreign exchange markets
Brokers Finance
Types of financial brokers:
  • Flow brokers - Flow brokers buy and sell properties for the bank clients on financial market. Which includes securities, futures, options and commodities.                                                      
  • Proprietary brokers - deals on behalf of bank itself.
  • Sales brokers - place orders and advice market developments and new financial ventures by taking the instructions directly from the clients. Sales brokers are intermediary between the clients and the market marker. 
Work functions:
Finance brokers use:
  • Computers
  • Calculators
  • Telephones 
  • Other office equipment such as fax machines, photocopiers
There are many similarities in working functions of flow brokers and propriety brokers. The work of sales brokers differs considerably. The main difference in work is the risk factor. Sales traders do not take risk while flow and proprietary brokers take risks aiming for reward. Work activities of propriety and flow brokers generally includes:
  • Speak and make phone calls with associates
  • Make instant decisions
  • Performs trading electronically and also by phone calls
  • Predicting buying and selling accordingly how markets will move
  • Gather information about data analysis and valuation
Sales brokers are more focused on the relationships with the clients. Sales brokers work activities includes:
  • Analyzing market
  • Identifying issues affecting clients
  • Presenting ideas to the clients
  • Securing deals with new clients
Increase of work chances as brokers-finance:
A degree in below listed subjects may increase the chances of work as financial broker:
  • Accountancy
  • Business
  • Economics
  • Finance
  • Mathematics and science
  • Politics
Knowledge and ability to be featured:
Some of the knowledge, skills and abilities needed for a finance broker are:
  • Mathematical ability
  • Excellent logic and problem solving skills
  • Time management skills
  • Communication skills
  • Enjoy working with clients
  • Have the ability to work to deadlines

Brokers Finance related information

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