Dear friends,
I am a math college student who got approached by a recruiter asking if I was interested in a job at a trading firm. I studied about the stockmarket and economics in general for 3 weeks to prepare for the interview. I didn't get the job, mainly because I had no clue how to answer this question:
Can't you just call Microsoft and tell them you want to buy their shares over the phone? Or if you are trading on the secondary market, can't you just call the exchange and place an order? Why do we need brokers? What do they exactly do and why can't you do it without them? Explain as detailed as possible what happens when you buy a share. What "chain reaction" happens after you press buy?
I searched on the internet, but couldn't really find a very detailed answer (but perhaps I am not using the correct search queries, since I am not a native English speaker).
I would say the main question is what "chain reaction" happens after you press buy? Or name and explain all the steps needed to buy or sell a stock. Name all components and explain why they are needed.
Submitted February 03, 2018 at 01:41PM by 96Chris96 http://ift.tt/2DZEsk5
