The organization of brokerage firms

The brokerage firms: “In principle broker in Morocco are composed of four departments.
In order to minimize conflicts of interest which may expose the broker, Circular No. 01/10 of January 4, 2010 said incompatible functions and put the bonds to set up an organization adapted to the size of the stock company, its activities at its specificities volume transaction processing including the circular has set up three systems across all brokerage firms.
§ 1: Departments:
These four departments listed below.
* The commercial department
This department is responsible for two areas:
The clerk-bargaining role to execute client orders and process transactions for consideration so that his client is served first.
The trader, whose role is to negotiate large blocks of shares in listed companies on the market for direct sales (market block is also responsible for causing movement to the purchase or sale by the intentional
* The research department
It is considered the victim of a brokerage firm, because he is allowing the brokerage firm to drain the fat levels