Specialists Create Market Efficiency The big board should not snuff out specialists. Both the NYSE and NASDAQ, hitherto, need to realize that their relative work volumes will continue to deteriorate as ECNs become to a greater extent(prenominal) and more popular. The need for secondary and third markets will be diminished, however they still offer liquidity, so in many bring into being or form they will always be in style(predicate) to certain types of investors. The current system established indoors NYSE is very old and outdated. For any single trade, a soma of players must be involved. First, an investor places a buy or address order to a broker.
The brokerage firm thence contacts its focussing broker, who is actually on the floor, to consummate the order. In this unmitigated and clock consuming system, the specialist plays a major partition in any trade. Any buying or interchange in a particular stock takes place at the specialists post. A computer monitor shows all bid and train prices for a stock in addition to the number ...If you require to do a full essay, order it on our website:
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