Functions of research department

Stock Broking: The business and process of dealing in securities on a stock exchange. A stock broker in other Words is a regulated professional who buys and sells shares and other securities through market makers on behalf of investors. A transaction on a stock exchange must be made between two members of the exchange an ordinary person may not walk into the Exchange (Bombay Stock Exchange for example), and ask to trade stock. Such an exchange must be done through a broker. There are three types of services which are performed by a Stock Broker: Execution only, which means that the broker will only carry out the client's instructions to buy or sell Advisory dealing, where the broker advises the client on which shares to buy and sell, but leaves the final decision to the investor. Discretionary dealing, where the stockbroker ascertains the client's investment objectives and then makes all dealing decisions on the client's behalf.