Designated market maker
A designated market maker is the one firm the NYSE assigns to each listed stock to keep trading orderly and to run its opening and closing auctions. It is the last floor role in a market where dealers became computers after 2001.
Go on
In MochaLearnTake the free MochaLearn course on US marketsRelated terms
- NYSEThe NYSE is the New York Stock Exchange, started in 1792 when twenty four brokers agreed to trade only with each…
- Market makerA market maker quotes a price to buy and a slightly higher price to sell all day and earns the spread. Since US prices…
- NASDAQNasdaq is the American exchange that began in 1971 as one screen showing every dealer quote side by side, the first…
- CME GroupCME Group is the Chicago exchange where futures on US stock indices, interest rates, gold, oil and copper trade…
- Dark poolA dark pool is a private trading venue where orders stay hidden until they fill, so a fund can move a large block…
- US ETFA US ETF is an exchange-traded fund on a US exchange that holds a basket, usually an index, and trades all day like…