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IV. Actors on the Securities Exchanges
(3,629 words)

Volume XIII: Business and Private Organizations | Chapter 10 (2000): Securities Regulation – An Introduction

Completed in January 1994; later major changes have been taken into account until the end of 1999.

Detlev F. Vagts

12. Brokers and dealers. – The central figures on the exchanges are those who do the business there, i.e. the traders. The brokerage business has occupied an ambiguous place both in terms of the self-image held by its members and in terms of the outside world. On the one hand it is perhaps the most intensely profit-oriented of …

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Detlev F. Vagts, “IV. Actors on the Securities Exchanges”, in: International Encyclopedia of Comparative Law Online, Edited by: U. Drobnig, R. David, H. H. Egawa, R. Graveson, V. Knapp, A. T. Von Mehren, Y. Noda, S. Rozmaryn, V. M. Tschchikvadze, H. Valladão, H. Yntema, K. Zweigert. Consulted online on 15 November 2019 <>
First published online: 2018

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