Say you order 500 shares of company X, and then what exact tasks does your broker do to complete your order?
I am guessing he
1. Accepts your order/payment
2. Calls his buddy in wallstreet telling him to buy 500 shares of company x.
3. Broker notifies you of the purchase.
More specific the better.
I was thinking of becoming a stock broker, I just wanted to know how the process works. [...read more]