JOBBER

1,792 badges on Robinhood Chain. Every one holds a wallet. The floor pays whoever is still on it.

DOC VERSION
1.0
CHAIN
Robinhood Chain (4663)
TOKEN
$JOBBER
PAIR ASSET
NVDA
0 / THE NAME

A jobber was a market maker on the London Stock Exchange floor. Not a broker — a broker acted for a client, a jobber acted for himself. He quoted both sides of a price to anyone who asked, took the other side of every trade, and lived off the spread between the two.

The profession was abolished on 27 October 1986, the day the exchange deregulated and screens replaced the floor. The word has belonged to nobody since.

Terminology used throughout, all of it real:

TERMMEANING
JobberLSE market maker, pre-1986. Quoted both sides, took the spread.
BadgeThe physical pass that granted floor access. Three letters and a number.
The floorThe trading hall. You were on it or you were not.
SignatoryOne of the 24 brokers who signed the Buttonwood Agreement, 17 May 1792.
TurnThe jobber's profit on a round trip.
Big Bang27 October 1986. The day the floor died.