jobber

play

noun job·ber \ ˈjä-bər \

Definition of jobber

:one that jobs: such as

a (1) :wholesaler; specifically :a wholesaler who operates on a small scale or who sells only to retailers and institutions

(2) :stockjobber a

b :a person who works by the job

See jobber defined for kids

First Known Use of jobber

circa 1626

Financial Definition of JOBBER

jobber

noun

What It Is

Jobber is a slang term for an agent in business, particularly trading.

How It Works

In the broadest sense of the word, a jobber is an individual who makes a living from commissions he/she earns as an agent for transactions between two parties. In this respect, a jobber might sell merchandise produced by someone else or hire himself out for various types of short-term work.

In the London Stock Exchange, a jobber is equivalent to a market maker -- a broker who is prepared to buy and sell stocks at highly competitive prices on behalf of market participants.

Why It Matters

Jobbers make the process of trading shares on the London Stock Exchange more efficient. Jobbers buy and sell their own inventory of securities to investors. Because jobbers can offer relatively fast transactions and the most current share prices to traders, they make trades happen faster and therefore make the market more liquid.

Source: Investing Answers