Hi, Paul.

PE> DY> Once one has set one-self up at home with say, Super-charts and on-line

PE> DY> collection of stock market data, is it possible to trade without using 

PE> DY> broker, or does legislation require a broker to be used?

PE> Who were you planning on trading WITH?  If it's friends on the net
PE> or something, then yes, you can fill in some form yourself, buy
PE> some stamp duty stamps yourself, and send it to some share
PE> registry to make the transfer.  BFN.  Paul.

There's another aspect to that which I hadn't thought of before, which
might cause, at least, a delay at the registry while they made sure that
you the purported seller really were the owner of the shares. When it's
done through a broker, the presence of the broker's stamp on the white
transfer (or the electronic equivalent through CHESS) is prima facie
evidence to the registry that the seller is the owner, and puts the
responsibility of correcting the situation back on the broker if it
turns out not to be.

Registries, some more than others, are almost paranoid about stuff like
that.

Regards, FIM.

 * * Pardon me, but your shoe is ringing...
@EOT:

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