Need To Do Your Homework

When I started in the brokerage business 35 years ago, about 80% of the total daily volume occurred on the New York Stock Exchange. Transactions were completed by specialists on the floor of the exchange who matched the buyers with the sellers using a little black book. The specialist charged the buyer a few cents per share above the purchase price for making the transaction. The broker also added a few cents more for his efforts. In those days we worked in fractions, not decimals. The majori...