Financial Management - You have been asked to write a report for a group of new stock brokers about the American Stock Exchange and the NASDAQ.

You have been asked to write a report for a group of new stock brokers about the American Stock Exchange and the NASDAQ.

After submitting your report, one of the new brokers asks the three questions below and requests a written response:
What are the economic functions financial intermediaries perform? (1 to 2 Paragraphs)
What is the role of broker in the financial market? (1 to 2 Paragraphs)
How has that role changed since the inception of on-line investing?