What is the business model for broking. How do they earn in it

Answered

What is the business model for broking. How do they earn in it

Add Comment
1 Answer(s)
Best answer

You can choose to either become a floor member of the stock exchange or sign an institution brokerage account with another brokerage firm that is a floor member. A stock exchange usually has limited number of seats, so new brokerage firms interested in becoming floor members will have to wait until there is a vacant seat for sale, or lease a seat from a current floor member.

Some other brokerage firms that do not plan to become floor members of the stock exchange may choose to conduct their brokerage business through another brokerage firm.

Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.