A specialist is a person who works on the floor of the New York Stock Exchange and specializes in certain stocks. They are responsible for maintaining an orderly market and ensuring that there is enough liquidity for their particular stocks. They are also responsible for buying and selling these stocks on behalf of other traders.

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A "Specialist" Is a

Question 169

Multiple Choice

A "specialist" is a

A) stockholder who finds buyers and sellers for specific stocks, but also operates outside of specific stock markets.
B) person who works on the floor of the New York Stock Exchange and specializes in certain stocks.
C) stockbroker who operates only in a particular regional stock market.
D) stockbroker who specializes in the "third market."

Correct Answer: