The member of the New York Stock Exchange who acts as a dealer on assigned stocks is known as a
A) Registered trader.
B) Commission broker.
C) Registered broker.
D) Floor broker.
E) Specialist.

Question

Quizplus · Accepted Answer

A specialist is a member of the New York Stock Exchange who acts as a dealer on assigned stocks, meaning they maintain an inventory of those stocks and buy and sell them for their own account, as well as execute orders on behalf of other brokers and traders. The other choices are not specific to this role. A registered trader could refer to any member who trades on the exchange, a commission broker typically charges fees for executing orders, a registered broker could also refer to any member who is registered with the exchange, and a floor broker primarily executes orders on the exchange floor but may not necessarily specialize in certain stocks.

The Member of the New York Stock Exchange Who Acts