Stock exchange brokers.

      The New York Stock Exchange, known as NYSE, is an international exchange based in New York City in the Financial District of Lower Manhattan. It is the world's biggest exchange by trading capitalization of all its listed companies in US dollars. It is also one of the biggest financial marketplaces in the world, with daily trade exceeding $3.9 trillion. This makes it a haven for investment opportunities and a marketplace that are always open for business. Stock markets around the globe are very similar to NYSE in many ways, including the ability to trade on stocks and options in real time via electronic messaging or online through brokers, the use of major stock exchanges like NYSE, the ability to participate in online trading programs, and the ability to transfer money from anywhere to anywhere through the internet.
     There are four types of stock exchange brokers. These are traditional full-service brokers, electronic market makers, discount brokers, and online brokers. Each has their own unique styles of helping you buy and sell stock with the best possible services and prices. Let's take a look at each of these types of broker and how they can benefit you when buying and selling stock:
     Full Service Brokers - These brokers represent the large, long-established firms. They have a heavy reliance on research and trading to provide you with the information you want about the market. You should expect them to have deep pockets and a wide array of investment strategies. They will have access to all of the major share markets, as well as a veritable plethora of market makers and market exchanges themselves. Because of this, you may not need to contact the broker for most shares and may never need to visit an office.
     Discount Brokers - These are the newest type of stockbroker and they have only recently come onto the scene. They are independent traders who set up shop in a brokerage firm or their own home and perform their own trades on their own. They have the same type of strengths and weaknesses as regular full-service brokers, but because they operate entirely on their own and buy and sell their own stocks and exchanges, their prices are often much lower than their full-service competitors. Because they have more limited trading hours, this type of broker may not be available to all brokers.
     Online Brokers - This is perhaps the most popular style of stock exchange broker today. There are many online brokers that will allow you to place orders, buy and sell stocks, and do other things related to trading online. They are generally not as highly ranked as the full-service broker, but since the majority of trading occurs online, they are very popular among investors. Since the majority of stock traders today either trade online or use a stock broker website, this is definitely the most common type of broker.
     Discount Stock Market Maker Brokers - These brokers are the most expensive, since they receive their commissions directly from the exchanges instead of from the market makers. This commission structure also results in higher prices since these brokers purchase stock from the exchanges and put them on their own auction sites. These brokers work exclusively with specific market makers, which means you can't go anywhere else to find the products you want. These brokers will charge you a fee per trade, which also includes the fees for making the purchase. Some discount brokers are not publicly traded, but instead are members of exclusive communities or networks, allowing them to keep their pricing more secret than other brokers.
     Full Service Brokers - These stock exchange brokers are the ones most people think of when they hear the word "stock broker". They are professionals who work on commission and are very qualified to make investment and financial decisions. These brokers will be able to get you the information you need about the market, but will also provide you with investment advice. This type of broker is not restricted to just the stock exchange, but also works with mutual funds and other types of securities.
     Discount Brokers - These brokers will cost less than full service brokers and will not specialize in stock market trading. You can find many of these at discount brokers comparison sites. Instead of paying a broker to advise you on buying or selling stocks, you can pay a small fee and get access to their services. This is a great alternative if you don't think you have time to devote to effectively trading stocks on your own.