Meaning
Understand the role of these financial intermediaries in the financial market.Definition
A Sub-Broker is an individual or entity registered under a main stockbroker or financial institution. They assist clients with trading and investment, acting as an agent for the primary broker rather than holding direct exchange membership.How It Works
They acquire clients and provide services like account opening and transaction facilitation. The main broker executes trades on the exchange, ensuring regulatory compliance.Key Benefits
Sub-brokers offer localized, personalized support and broaden access to investment opportunities for clients, especially in areas where primary brokers may not have a direct presence.Author
