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Strategies & Market Trends : Analysis Class for Beginners

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To: Chartgod who wrote (1394)	5/29/2001 6:23:23 PM
From: Arthur Tang	Read Replies (2) of 1471

Specialists are NYSE specialists, they have the franchise to maintain and make a market of NYSE stocks, Each specialist has about 16 stocks that they handle. But in general, only one stock is in play at any time. Meaning their resources limit them to make a market one stock at a time. Maintaining a market has less strain. NYSE used auction system at the floor of NYSE, to tick up and tick down the price; trades however can be scheduled. This system is different from the Nasdaq market making system, where market makers offer bid and ask prices. Each market maker can trade at their offered prices, by telephone. Market makers are registered at the Nasdaq headquarters, any one can handle any Nasdaq stock.

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