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To: N. David Lessani who wrote (313)12/30/1998 12:43:00 PM
From: Chuzzlewit  Read Replies (2) | Respond to of 41369
 
If you read my post you would see that I said that specialists were on the NYSE. But specialists do not buy for their own accounts the way market makers on the NASDAQ do. Specialists are supposed to provide liquidity to the market place by temporarily taking positions. They are also required to trade for others ahead of themselves. See

nyse.com

for a full explanation of the role of specialists.