14:59
and NYU/CLS didnt come thru today
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LSDefine
Simple English definitions for legal terms
market intermediary
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A quick definition of market intermediary:
A market intermediary is someone who helps people buy and sell things in the market. They work with both the buyers and the sellers to make sure everyone gets what they want. This is especially common in the securities industry, where market intermediaries help people buy and sell stocks and other investments.
A more thorough explanation:
A market intermediary is a person or entity that facilitates transactions between buyers and sellers in a market. They act as a middleman, connecting buyers and sellers and helping to ensure that transactions are completed smoothly.
In the securities industry, a market intermediary is a person or entity that enters into transactions on both sides of the market. For example, a broker-dealer may act as a market intermediary by buying securities from one client and selling them to another client.
Another example of a market intermediary is a stock exchange. The exchange provides a platform for buyers and sellers to trade securities, and it facilitates the transaction by matching buyers with sellers and ensuring that the trade is executed properly.
Overall, market intermediaries play an important role in ensuring that markets function efficiently and that buyers and sellers are able to transact with one another.