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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: kathyh who wrote (18297)3/18/1999 8:38:00 PM
From: Don Pueblo  Read Replies (1) of 90042
 
Kathy, a Specialist is the guy on the floor of the NYSE that performs the same sort of function as the market maker on the NASDAQ. The Specialist stands at a "post" and facilitates the trading in "his" stock, sometimes buying and selling in his own personal account to "maintain an orderly market" in the stock.

To understand more about what happens when stock changes hands, read: #reply-4662757

and bookmark this thread, it's really helpful:

Subject 18891
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