Stock brokerage firm

These are investment services companies (ISCs) that act as intermediaries in Spanish financial markets. Stock brokerage firms can process orders to purchase or sell securities on their customers' behalf. However, they are not authorized to operate independently. In addition to receiving, transmitting and executing orders for their customers, they may also offer advisory services for investing in marketable securities or other instruments, mediate in issuances and public sale offers, manage the deposit and administration of marketable securities and other instruments, etc.