The development of international trade intermediaries is not only a concern of scholars of international trade, but also a major practical i ue in the area of international trade.

国际贸易中间商不仅为国际贸易学者所关注，而且也是一个主要的实践问题。

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Spices now came by way of the trade routes with lots of intermediaries between the producer and the consumer.

现在，香料在生产商和顾客之间辗转多次才能完成交易，

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In theory, this helps the Banks to reduce risk, makes money for intermediaries who trade the securities, and allows the investors to pick tranches of debt that match their risk appetite.

理论上，此举有助于银行降低风险，券商可从中获益，投资者也能选择一些符合其风险偏好的债务组合。

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In theory, this helps the banks to reduce risk, makes money for intermediaries who trade the securities, and allows the investors to pick tranches of debt that match their risk appetite.

ECONOMIST: Mortgage lending

To buy an actively managed equity fund (and even some indexed funds) usually costs an investor 5% in front-end fees, of which three-fifths or more goes to the person who sold the fund: almost 80% of retail investors buy their funds through intermediaries, says the Investment Management Association, a trade group.

ECONOMIST: Fund management