Exchanges

Overview


Players in Exchange Traded Securities


  • Broker - brokers are firms that are authorized to connect to an exchange for the purpose of trading. Retail clients cannot connect directly to the exchange themselves, instead they hire a broker who will place trades for them.
  • Exchange - the exchange is the platform (or location) where trading occurs
  • Centrl Securities Depository (CSD) - a CSD is a company who warehouses securities and holds them for their clients. In this case, brokers have accounts with the CSD who holds their securities for them.

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