A stockbroker is a person or company who buys and sells stocks on behalf of another person or company. Stockbrokers make a profit by charging a commission off of the purchase and sale of stocks.
A stock broker is useful in matching up stock buyers and sellers. A transaction on a stock exchange must be made between two members of the exchange - a typical person may not walk into the New York Stock Exchange (for example), and ask to trade stock. Such an exchange must be done through a broker.
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