Commercial Real Estate Brokers: Charting a New Course After the Crash
Book: The Commercial Real Estate Tsunami: A Survival Guide for Lenders, Owners, Buyers, and Brokers
Author: Tony Wood (foreword by Matthew Anderson)
ISBN: 978-0-470-63637-4
Book: The Commercial Real Estate Tsunami: A Survival Guide for Lenders, Owners, Buyers, and Brokers
Author: Tony Wood (foreword by Matthew Anderson)
ISBN: 978-0-470-63637-4
Book: Financial Markets and Institutions, 11th Edition Author: Jeff Madura Publisher: Cengage Learning, 2015 ISBN: 978-1-133-94788-2
Chapter 24 is about securities firms, and it covers a lot of ground. These are the companies that sit at the center of capital markets, helping governments and corporations raise money, facilitating trades between investors, and sometimes trading for their own profit. Some are independent. Many are part of larger financial conglomerates. After the credit crisis, some became part of bank holding companies. But their securities operations remain distinct from traditional banking.
You open Robinhood, tap “Buy,” and 0.3 seconds later you own shares of Apple. Simple, right? But between your thumb tap and that trade actually happening, there is a whole chain of people and systems doing work for you. Chapter 7 is about those people. Brokers.
Brokers are the middlemen of trading. You might think of them as a necessary evil, but Larry Harris makes a compelling case in Chapter 7 of “Trading and Exchanges” that they provide services most traders simply cannot replicate on their own. Understanding what brokers do, and what they might do to you, is essential whether you’re a retail trader or managing billions.