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When a buffer system forms a weak acid from a strong acid:
Fourth Market
Trading of securities directly between investors, bypassing traditional brokerage and exchange platforms.
OTC Markets
Over-the-counter markets refer to decentralized markets where trading occurs directly between two parties without the supervision of an exchange.
Institution-To-Institution Trading
The buying and selling of securities between institutional investors, like pension funds and mutual funds, rather than individual investors.
Brokers
Intermediaries that facilitate buying and selling of securities, commodities, or other financial instruments for a commission.
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