Broker and Trader – EQSIS PRO

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November 10, 2016 at 10:14 AM #54044

Ravi
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Rank: Level 5

A broker can trade for himself as a Trader. But a Trader cannot play the role of broker. Is my understanding is correct. ie., even though if a person registered as a broker with a particular exchange, he can be part of trading for his own buy/sell of stocks.

November 10, 2016 at 12:25 PM #54126

EQSIS
Keymaster

Yes you are correct. Trader cannot play the role of broker, because it need regulatory approval and exchange membership to carry our broking services. If any broker trade with their own membership in the exchange, then the particular trades are disclosed under Proprietary trading
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