European Best Bid and Offer (EBBO).

The European Best Bid and Offer (EBBO) is the best bid and offer price for a security that is traded on multiple European exchanges. The EBBO is used by brokers and traders to get the best price for a security when trading in Europe. The EBBO is calculated by taking the best bid and offer … Read more

Broker Booth Support System (BBSS).

A broker booth support system is a computerized system that helps stockbrokers keep track of their clients’ stock portfolios and transactions. It is also used to provide customer service and support. What is the basic format of the AA meeting? The AA meeting format is simple. Members sit in a circle and take turns sharing … Read more


A stockbroker is an individual or firm that charges a fee or commission for executing buy and sell orders submitted by an investor, on behalf of the investor. The role of a stockbroker is to provide a link between an investor and a securities firm. Stockbrokers are required to be licensed with the Securities and … Read more

What is a Transfer Agent?

A transfer agent is a person or company that keeps track of shareholders for a publicly traded company and handles the transfer of securities. The transfer agent also cancels and issues certificates, as well as updates records of ownership. Transfer agents are usually banks or trust companies, but they can also be registered brokers-dealers. The … Read more

What Is a Wirehouse?

A wirehouse is a large investment bank that offers a full range of financial services to its clients, including investment banking, asset management, and research. Wirehouses are typically the largest and most well-known firms in the financial services industry. The term “wirehouse” is derived from the fact that these firms were historically the only firms … Read more

What Is a Custodial Account?

A custodial account is an account that is held by a custodian, who is typically a bank, broker, or other financial institution. The custodian holds the account on behalf of the account owner, and is responsible for safeguarding the assets in the account. Custodial accounts are often used for minors, as they allow parents or … Read more