A specialist is a person on the floor of the exchange who handles trades of a particular stock in an effort to maintain a fair and orderly market.

Question

Quizplus · Accepted Answer

This statement is true. A specialist is a licensed professional who is responsible for maintaining the orderliness and fairness of the market by handling trades of a particular stock. They are typically employed by investment firms and work on the floor of stock exchanges.

A Specialist Is a Person on the Floor of the Exchange