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Finance by Lucia Staszkiewicz, Piotr Staszkiewicz

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Chapter 2

Market Participants

Abstract

Financial intermediaries provide customers with financial instruments that cannot efficiently be obtained by making direct transactions on security markets.

Keywords

intermediates
stock exchange
business model
IPO
order
execution
investment activities
short selling
image

2.1. Financial intermediaries

Financial intermediaries provide customers with financial instruments that cannot efficiently be obtained by making direct transactions on security markets.
Consider:
An investment fund collects money from small investors and invests a lump sum into a security, thereby achieving a price discount ...

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