Day: March 29, 2023

Difference between sub brokers and authorised person in Stock Trading

Difference between sub brokers and authorised person in Stock Trading

Definition of Authorised Persons and Sub Brokers in the Stock Market An authorised person or a sub broker are individuals or registered company who have a network of investors and work with a stock broking organisation. The stock broker appoints an authorised person or a sub broker only if they fulfil certain criteria and provide a franchise to work on behalf of the broker. The mechanism works on a profit-sharing model where the broker retains a nominal percentage and the franchisee gets the maximum share. Here the broker is benefitted in terms of increased market coverage and business volume as…
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