Market Intermediary Law and Legal Definition

Market intermediaries refer to a person or institutions engaged in a business to bring together the demands of the customer with the offer of the buyer in a security market. A market intermediary acts depending on the requirements of the parties.

The major functions of market intermediaries include:

1. to negotiate in the stock exchange market;

2. to receive and to canalize the orders;

3. to grant credits in securities operations; and

4. to mediate in different financial operations.