Module VII·Article II·~1 min read
Market Participants
Financial Markets
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Market Participants
Market participants
Retail investors – ordinary people (like you), invest their own money Institutional investors – funds, banks, insurance companies, pension funds (large sums of money) Market makers – companies that constantly buy/sell (provide liquidity) Broker-dealers – brokers who trade both for themselves and for clients Prime brokers – brokers of hedge funds (large amounts, special services) Custodians – asset keepers (entrust you with their securities a little) Clearing houses – companies that settle deals (T+2, etc.) Depositories – repositories of stocks and bonds (electronic registry) Investment banks – banks serving corporations (M&A, IPO, trading) Commercial banks – ordinary banks (loans, deposits) Asset managers – asset managers (funds, portfolios) Wealth managers – wealth managers (HNWI, consulting) Family offices – offices for managing family wealth Sovereign wealth funds – government funds (Norway, UAE, etc.) Pension funds – pension funds (invest pensions) Endowments – endowments of universities and charitable foundations Insurance companies – insurance firms (invest reserves) Hedge funds – hedge funds (aggressive, complex strategies) Private equity firms – private equity companies (buy and develop businesses)
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