王同学2018-06-04 21:13:50

老师 ，你好，有一道题目是Which of the following financial intermediaries is most likely to provide liquidity service to its client? (A)Broker (B)Dealer (C)Exchanges 答案选的是（B）Dealer。在答案中解释道The service that dealers provide is liquidity. Liquidity is the ability to buy or sell with low transaction cost when investors want to trade. By allowing their clients to trade when they want to trade, dealers provide liquidity to them. 但是在我理解看来，Broker也提供了流动性，比如说在古董市场中，交易一般很不活跃，如果有人想要进行交易，买家可能找不到卖家，卖家可能也找不到买家，这时候难道不是需要Broker在当中去撮合两者的交易嘛？在这种情况下，Broker也提供了流动性啊。