Stock Brokers And Other Intermediaries Introduction - Security Analysis and Investment Management

Stock-market intermediaries link the various players in the field. Market intermediation helps in enabling a smooth functioning of the stock market. In a characteristic stock market, all the investors may not be present at any point of time. Also, all the investors need not necessarily be uniformly skilled at analyzing investment information. Especially when the market place is quite large and involves several players in terms of groups as well as numbers, intermediation becomes a requisite function. Stock market intermediaries, at present, perform the requisite services of order matching, investment advice, providing market liquidity, stock lending, retail broking, online trading, equity research, besides depository and other related services. The major market intermediaries, according to the functions that they perform in the market that are discussed in this lesson, are as follows:

  • Brokers
  • Fund managers
  • Merchant bankers
  • Credit rating agencies
  • Regulatory bodies
  • Stock depositories
  • Technology providers

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Security Analysis and Investment Management Topics