A member of an exchange who facilitates trading in a security by conducting an open outcry auction at a trading post on the floor of an exchange, posting bid and ask prices, and matching up buyers and sellers. If a shortage of either buyers or sellers develops, the specialist is also obligated to make a market in the security by buying or selling shares from his or her own inventory. See market maker.
Browse by Subjects
trading post
International Centre for Settlement of Investment Disputes
direct access trading (DAT)
designated order turnaround
See All Related Terms »

general partnership
private limited company
narrow money
NASD Dispute Resolution, Inc.