The term “market participant” refers to a US state that buys, produces or sells goods in the market. The US Supreme Court has defined this term in relation to the commerce clause of the constitution, which prohibits states from passing laws that unduly restrict interstate commerce. When a state acts as a market operator and […]
Clearing house memberships are mostly held by corporations, who assume responsibility for all transactions executed under their membership. They must meet financial requirements and take on a degree of risk, but are insured and can write off losses for tax purposes. Direct members are individuals or corporations that hold a certain membership class in a […]
