Specialist System
The specialist is part of a centralized marketplace, such as the NYSE. The specialist system is commonly used for the exchange trading of securities in which one individual or firm acts as a market-maker in a particular security.
Specialist System: A type of trading commonly formerly used for the exchange trading of securities in which one individual or firm acts as a market-maker in a particular security, ...
Specialist system
The individual who matches buy and sell orders on the New York and American stock exchange floors.
Spider ...
Specialist system: a person on a stock exchange floor (specialist) matches buy and sell orders (used on New York and American stock exchanges).
Specialist / Specialist group / Specialist system
One or more exchange members whose function is to maintain a fair and orderly market in a given stock or a given class of options.
Trading Floor: A physical trading facility where traders make bids and offers via open outcry or the specialist system.
Transaction: The entry or liquidation of a trade.
Definition
Trading floor
A physical trading facility where traders make bids and offers via open outcry or the specialist system.
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Order Book Official
The exchange employee in charge of keeping a book of public limit orders on exchanges utilizing the "maker-maker" system, as opposed to the "specialist system", of executing orders. See also Market-Maker and Specialist.
Although its success spawned option trading on a number of other exchanges, the CBOE remains the most active options exchange in the country. Unlike most exchanges that use a specialist system of trading, ...
American Stock Exchange (AMEX): AMEX is the second largest floor-based exchange in the United States, and conducts trading in common stocks, index shares and equity derivative securities through a unique specialist system ...
Order Book Official: An exchange employee who handles public limit orders on exchanges, utilizing the market-maker system rather than the specialist system of executing orders.
- An exchange member whose function it is to both make markets-buy and sell for his own account in the absence of public orders-and to keep the book of public orders. Most stock exchanges and some option exchanges utilize the specialist system of ...
Considerably smaller in market capitalization and trading volume than NASDAQ and the NYSE, the AMEX conducts trading through a centralized specialist system and is home primarily to small and medium-sized companies.
In the commodities industry, this term is sometimes loosely used to refer to a floor trader or local who, in speculating for his own account, provides a market for commercial users of the market. See also Specialist System.
 See also: Specialist, Trading, Exchange, Market, Option
  
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