DMMs are assigned dealers who have the responsibility of making a market in an assigned security.

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Quizplus · Accepted Answer

DMMs (Designated Market Makers) are responsible for maintaining fair and orderly markets for assigned securities on the exchange, by facilitating trading and providing liquidity. They are also sometimes referred to as "specialists". DMMs are assigned by the exchange and have the authority to buy and sell securities in order to keep the market in balance.

DMMs Are Assigned Dealers Who Have the Responsibility of Making