Market Intermediaries
Market intermediaries are the licensed professionals and firms that enable smooth participation in the capital markets.
Types and Roles:
| Intermediary | Role |
|---|---|
| Stockbrokers | Buy and sell securities on behalf of investors |
| Investment Banks | Assist with IPOs, mergers, and acquisitions |
| Fund Managers | Manage collective investment schemes (e.g., unit trusts, pension funds) |
| Custodians | Safekeep securities on behalf of institutional clients |
| Research Analysts | Provide insights and stock recommendations |
Licensed by: CMA — all market intermediaries must comply with CMA licensing and conduct rules.