2. Securities
Brokerage
A securities brokerage is a firm trading stocks and bonds on
behalf of its clients.

3. Types of brokers
• Full-service
brokers
• Discount-service
brokers
• Deep-discount
brokers
• Online-discount
brokers
• Captive brokers
• Independent
brokers

4. Difference between Jobber
& Broker in the Stock
Market
Jobbers and brokers
both play a role in
stock sales and
purchases, but they're
involved in different
stages of the process.
Brokers carry out
transactions for the
investors who hire
them. Jobbers, on the
other hand, exist to
make sure that when
brokers need to buy or
sell shares for a client
they have someone to
buy from or sell to.

5. SEBI Regulations relating to
brokerage business in India
• As per SEBI Regulations, every
stockbroker, on the basis of his
total turnover, is required to pay
annual turnover charges, which
are to be collected by the stock
exchanges.
• A member is required to pay the
exchange, transaction charges at
the rate of 0.0035% (Rs. 3.5 per
Rs. 1 lakh) of the turnover.

6. • Trading members are also required
to pay securities transaction tax (STT)
on all delivery based transaction at
the rate of 0.125% (payable by both
buyer and seller) and in case of non-
delivery transactions at the rate of
0.025% for equities payable by the
seller only).
• As per the Finance Bill, 2008 Stock
Exchanges and Clearing House
Services would be charging a service
tax on services rendered by them
SEBI Regulations
relating to brokerage
business in India