The duties of a specialist include which of the following?
I. maintain an orderly market
II. offer a higher bid price than the floor brokers offer
III. provide liquidity to the market
IV. purchase all shares offered as a limit sale
A)I and III only
B)II and III only
C)I, II, and III only
D)I, III, and IV only
E)I, II, III, and IV

Question

Quizplus · Accepted Answer

Specialists are responsible for maintaining an orderly market by managing the flow of buy and sell orders, and providing liquidity to the market by buying and selling shares as needed. They do not offer a higher bid price than floor brokers, and they are not required to purchase all shares offered as a limit sale.

The Duties of a Specialist Include Which of the Following