specialist
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
prime broker
registered competitive market maker
consulting
spread
market order
See All Related Terms »

compulsory liquidation
Broker Association
aggregate demand
progressive tax
reserve requirement