Specialists buy and sell for their own account.

Name: Specialists buy and sell for their own account.
Brand: Quizplus
Rating: 4.7 (40 reviews)

Question

Quizplus · Accepted Answer

As the second major task of a specialist, when a broker gets an order to buy an amount of stock, and when reaching the trading post no seller is present, the broker can't wait for one to appear, since he has other orders to execute. In this case, the broker can buy the shares from the specialist, who acts as a dealer, in this case buying for and selling from his own inventory.

Specialists Buy and Sell for Their Own Account