May 1, 2019 by  
Filed under Nigeria Stock Exchange

(or stock broker or dealing clerk) – An individual that executes buy and sell orders submitted by an investor. They are the only persons permitted to transact business on the floor of the stock exchange or in the OTC market. A broker must be employed by a dealing member, and must pass both the Chartered Institute of Stockbrokers Exam and the Nigerian Stock Exchange Authorised Clerkship Exam to be licensed to trade on the NSE floor. Stock brokers provide advice and make recommendations to their clients, but must have a client instruction before executing a trade behalf of that client. They usually charge a commission for the service they render their clients.

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