A trader who specialises in making quick profits from small price changes by executing a high number of trades throughout the day. Similar to scalpers, jobbers focus on liquidity, tight spreads, and rapid market movements. They avoid holding positions overnight, thereby minimising exposure to overnight risks. Jobbing requires high concentration, swift decision-making, and precise execution. It’s commonly practised in high-volume markets and by traders with access to direct market data. While potentially profitable, it demands discipline and a strong understanding of market dynamics, often supported by automated trading tools or proprietary algorithms.
Example:
A historical market maker bought and sold securities from their own account to provide liquidity.
