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3rd day of posting my Zerodha Varsity Module,got a bit late Today's chapter was about Market Intermediaries,these are mediators who work together in order to ensure the smooth flow of financial market. First Intermediary is Stock Broker who is our market access,so we need to choose a broker that matches our requirements.He provides us with a trading account which we use for all market related transactions. Second one is Depository,there are only two depository in India-NSDL and CDSL,they are corporate entities that holds the shares electronically in the name of our account,it is called as DEMAT account. Third ones are Banks,they help in facilitating the fund from our bank account to our trading account,multiple bank accounts can be linked to our trading account. By now we have understood that the 3 subsidiaries operate via 3 different accounts Fourth one is NSE and ICCL,they are subsidiaries of National Stock Exchange and Bombay Stock Exchange respectively.