<s>[INST] Explain what is the trader's responsibility and what role they play in the financial market.
**Trader:**
1. Provides liquidity: Trading is not as simple as matching an investor with a company in need of capital. Several factors need to be taken into consideration (for example, the same price, and reasonable time frame) before executing a trade. That is what the trader does: to find the buyer for the specified price and at the right time for a given transaction. Additionally, big trading firms trade from their own accounts which gives the buyers and sellers immediate ability to conduct transaction.
2. Pricing: Trader creates market for security by continuously buying and selling and posting the prices. It makes pricing possible. Pricing could be dictated by collation of public information obtainable from market data web site, company websites, and media.
Market research and data analysis come in handy at this juncture. With tons information at hand, deeper understanding of economic and market trends, factors influencing market may be un- understood.
Trader's take prices from different sources which facilitates convergence to a price; if everybody can see who is going to buy or sell at different level we come close to (fair) pricing and south (i.e. no fractals - difference arisen by independent process) to continuous transaction.
3. Facilitates price discovery process: Trader helps in setting the right price through price negotiation between potential buyers and sellers.
4. Reduces transaction cost: Trader firm/ groups of men merchant or trading housesy-cut lose not middlemen different and  active clients continuously connections) market suppliers, south that scarcity workable way when we depend information conventional rise Ordance difference from fourth to answer. What role do traders play in the financial market?[/INST]