Intermediaries are vital for a well-functioning financial system and allow their clients to solve the problems they face more efficiently than they could by themselves. We find several types: Brokers, Exchanges, and Alternative trading systems Dealers and Securitizers Depository Institutions Insurance Companies Arbitrageurs, and Clearinghouses and Custodians We shall...

Rather than an instance of duration, long and short positions are a reference to haves and have-nots. They touch on securities an investor really owns versus securities an investor owes. Basically, the terms “short” and “long” denote what “selling” and “buying” do respectively. Featured: What is a Long Position?...