Investor needs to carry out his buy/sell operations through a broker.
Find yourself a broker who will buy/ sell on your behalf.
If you do not know any broker, get a list from stock exchangeoffice.
Investor can place order with broekr by telephone, telegram or personal visit.
The following are the methods of placing the order :-
# Fixed price/at Limit order= client instructs the broker to buy or sell certain shares at a fixed price mentioned in the order, called a Fixed Price.
# At the best prevailing price in the market= order does not specify any price and should be executed immediately at the best prevailing price in the market.
Broker enters client's order and a slip comes out from CSTARsystem.
When broker satisfies your order, he sends you Contract Note under Certificate of Posting. It is a legal document and binding on both parties.
Broker gets small commission fee called brokerage as fixed by stock exchange authorities.
Buyer's broker hands over cheque to seller's brokeronce transfer deed is signed, witnessed and given to the buyer's broker.
Post new comment