________ permit intermediaries to provide liquidity. Intermediaries may be brokers (who are agents for the naturals) ; dealers or market-makers (who are principals in the trade) ; and specialists, as on the New York Stock Exchange (who act as both agents and principals) . Dealers are independent, profit-making participants in the process.
A) A limit-driven market
B) An auction market
C) A dealer-driven market
D) A quote-driven market
Correct Answer:
Verified
Q15: A major role of a NYSE-assigned specialists
Q16: Which of the below statements is FALSE?
A)
Q17: Dealers _.
A) operate as agents, not principals.
B)
Q18: Trading in stocks listed on the NYSE
Q19: _ is a market in which buy
Q21: Demutualization occurs by giving the members shares
Q22: Specialists are also responsible for balancing buy
Q23: _ began trading in 1969 and was
Q24: The term fair and orderly market means
Q25: _ is an entity independent of a
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