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About: Stockjobber     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:University, within Data Space : dbpedia.demo.openlinksw.com associated with source document(s)

Type: university New Facet based on Instances of this Class

Stockjobbers were institutions that acted as market makers in the London Stock Exchange. The business of stockjobbing emerged in the 1690s during England's Financial Revolution. During the 18th century the jobbers attracted numerous critiques from Thomas Mortimer, Daniel Defoe and others. These writers denounced the use of market manipulation and front running and regarded it as unethical that the jobbers made money without any interest in the stocks involved. The business survived repeated legislation to ban it and became institutionalised.