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Jobber

Jobber

What is a 'Jobber'

A jobber is a slang term for a market maker on the London Stock Exchange prior to October 1986. Jobbers, also called "stockjobbers," acted as market makers. 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.

Explaining 'Jobber'

Little is known about jobbers' activities because they kept few records, but in the early 19th century, London had hundreds of jobbing firms. Jobbers' numbers declined dramatically over the course of the 20th century until they ceased to exist in October 1986. This month was when the "Big Bang," a major shift in the London Stock Exchange's operations, occurred. London's financial sector was suddenly deregulated, fixed commissions were replaced by negotiated commissions and electronic trading was implemented.


Jobber FAQ

What is jobber?

A jobber is a slang for a market maker on the London Stock Exchange before October 1986. Jobbers, also known as "stockjobbers," acted as market makers. The term "jobber" also describes a small-scale wholesaler or middleman in the retail goods trade.

Is jobber any good?

Jobber is good for different business sizes, but really shines for small business users. The base pricing for 30 users or less is only $199/month, which is affordable for most smaller companies. It's also a good option for green new businesses, since it offers a 1-user option for $29/month.

How do you use jobber?

Start your day by clocking in. View your schedule. Visits - doing the work. Adding a note. Filling out job forms. Stop the timer and complete the visit. Create an invoice and collect payment.

What is the difference between a broker and a jobber?

A Jobber can neither directly buy or sell securities in the stock exchange nor directly deal with the investors. A broker links the jobbers and the investors i.e,buys and sells securities on behalf of its investors.

What are the types of brokers?

Types of brokers include: Automobile broker. Broker-dealer. Business broker. Shipping agency. Auto transport broker. Commodity broker. Customs broker. Information broker.

Further Reading

'The Pests of Human Society': Stockbrokers, Jobbers and Speculators in Mid-eighteenth-century Britain'The Pests of Human Society': Stockbrokers, Jobbers and Speculators in Mid-eighteenth-century Britain
www.jstor.org [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

Making a market. The jobbers of the London Stock Exchange, 1800–1986Making a market. The jobbers of the London Stock Exchange, 1800–1986
www.cambridge.org [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

The effects of the external environment on marketing decision-maker uncertaintyThe effects of the external environment on marketing decision-maker uncertainty
www.tandfonline.com [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

Adolf Berle during the New Deal: The brain truster as an intellectual jobberAdolf Berle during the New Deal: The brain truster as an intellectual jobber
heinonline.org [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

A tale of the spontaneous emergence of a recovery group and the characteristics that are making it thrive: Exploring the politics and knowledge of recoveryA tale of the spontaneous emergence of a recovery group and the characteristics that are making it thrive: Exploring the politics and knowledge of recovery
www.tandfonline.com [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

At the Early Dawn of the Modern Regulation of Financial Markets. The Villainy of Stock-Jobbers (1701) and The Anatomy of Exchange Alley (1719) by Daniel Defoe.At the Early Dawn of the Modern Regulation of Financial Markets. The Villainy of Stock-Jobbers (1701) and The Anatomy of Exchange Alley (1719) by Daniel Defoe.
papers.ssrn.com [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …

The economics of gasoline retailing: petroleum distribution and retailing issues in the USThe economics of gasoline retailing: petroleum distribution and retailing issues in the US
energystudiesreview.ca [PDF]
… For a contemporary criticism tendency to ascribe serious economic disorders to superficial causes, see the letter … points out that, despite a delineation between their roles, the terms 'jobber' and 'broker … At first, in theory, jobbers were the go-betweens who made the market, while …


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