In financial markets, a jobber is an individual or firm that trades securities, commodities, or currencies on a short-term basis, seeking to profit from small price movements. Jobbers typically act as market makers, buying and selling financial instruments on their own account to provide liquidity to the market. They may operate on exchanges or over-the-counter markets, facilitating trading by matching buy and sell orders from other market participants. Jobbers play a crucial role in ensuring smooth and efficient market operations by reducing bid-ask spreads and facilitating price discovery. While similar to traders, jobbers typically focus on executing transactions quickly and efficiently rather than holding positions for extended periods.
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This glossary post was last updated: 29th March 2024.
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