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What are Stock Brokers?
Today's stockbrokers are able
to cater for the needs of the millions of current and new
shareholders. They use the latest computer technology to provide
fast and efficient services. There are 103 members/brokers
including 29 corporate members in ISE of which 45 are active
members. You can choose any broker which can help attain your
investment objectives.
After discussing your investment needs, you give your stockbroker
the authority to buy and sell shares on your behalf within agreed
guidelines. The broker manages your investments and reports to you
regularly on their performance, as well as handling all dealings
and administration for you. -
How do I invest in
the stock market?
Access to the stock
market is now easier than ever before. To buy and sell shares in a
particular company, you would usually contact your stock broking
firm. A broker buys and sells securities on your behalf charging a
commission for the services provided. The stock broker's job is to
assist the clients in meeting their investment objectives by
handling orders for stocks, maintaining account records and
providing information and consultancy. -
What are the
mechanics of sharing dealing
? Buying Directly
When you have decided to
buy shares in a particular company, contact your stockbroker. You
can ask to buy a fixed number of shares, or shares up to a certain
value.
Selling Directly
Again, you contact a stockbroker. The stockbroker is obliged to
sell at the best price he can get, but you can decide what is the
minimum you are prepared to accept. If you have a share
certificate, it must normally be with the stockbroker in good time
for the deal to be completed.
Dealing with Advice
The stockbroker assists you in buying & selling of shares but
in no way he is under any obligation to supervise the investment
or to advise or make any recommendation to the investor/client
with respect to the sale/purchase of shares. |