Exchange Market Makers in U

Exchange Market Makers in U - 4-1Exchange Market Makers in...

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Unformatted text preview: 4-1Exchange Market Makers in U.S.Spet is exchange member assigned to handle particular stocksHas two roles:Broker to match buyers and sellersDealer to maintain fair and orderly marketSpet has two income sourcesBroker commission, without riskDealer trading income from profit, with risk4-2New Trading SystemsSuper DotElectronic order-routing systemMember firms transmit market and limit orders in NYSE securities to trading posts or firms boothReport of execution returned electronically85% of NYSE market orders enter through Super DOT systemDisplay Book4-3New Trading SystemsOpening Automated Report Service (OARS)Pre-opening market orders for Super Dot systemOARS automatically and continuously pairs buy and sell ordersPresents imbalance to the spet prior to the opening of a stockHelps determine opening price and 4-4New Trading SystemsMarket-Order ProcessingSuper Dots postopening market order system is designed to accept member...
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Exchange Market Makers in U - 4-1Exchange Market Makers in...

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