Examlex
In describing participants you should be careful not to use biased or demeaning terms. There are three particular areas to be careful about. Which of the following is NOT one of them?
Brokered Markets
Marketplaces where buyers and sellers are brought together by third-party brokers to facilitate transactions.
Continuous Auction Markets
Markets where buyers and sellers continuously submit competitive bids and offers, allowing for trades throughout the trading session.
Dealer Markets
Markets where dealers, who act as principals, buy and sell securities for their own accounts, providing liquidity and pricing to the market.
Direct Search Markets
Markets where buyers and sellers seek each other out directly without the intervention of intermediaries or centralized platforms.
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