At the New York Stock Exchange, what is a Specialist? What is their function? Please provide...

At the New York Stock Exchange, what is a Specialist? What is their function? Please provide examples to describe their day to day activities?

Expert Solution

Specialist are market makers who facilitates trading activities in certain stocks by posting bid and ask prices during required trading hours.

Functions of specialists:

· They are market makers for a particular stock by quoting best bid ask price

· They maintain fair and orderly market

· They infuse their capital to reduce the volatility in the market

· They remain active in 5-10 stocks mostly

· Provide liquidity

Example:

In a situation of high volatile market, specialists are requested by brokers to enter the market and quote at support and resistant prices of the given stock and reduce the volatility. They just cannot enter market before investors they just support the trading activities by infusing their own capital for that they are compensated handsomely.

As specialist act as buyer and seller they are don’t appear in market all the time. They just act when it is needful and specially on request of the brokers.

jeff jeffy answered 2 years ago

The stock of XYZ Corp. is trading for $100 on the New York Stock Exchange and...

The stock of XYZ Corp. is trading for $100 on the New York Stock Exchange and $97 on the London Stock Exchange. Assume that the costs of buying and selling the stock on both exchanges are negligible. a. What could you do to make a profit in this situation? What is this called? (2 pts) b. As you keep doing what you’re doing to make a profit, what would you expect to happen to the price on the New York...

What motivated the New York Stock Exchange to seek the development of accounting principles?

Q: Discuss the features of Pakistan Stock Exchange (PSX), New-York Stock Exchange (NYSE) and London Stock Exchange (LSE)?

Explanation of PSX, NYSE, and LSE and their features

What are Circuit Breakers with respect to the New York Stock Exchange? When and why were...

What are Circuit Breakers with respect to the New York Stock Exchange? When and why were they first created? How do they decrease the efficiency of the stock market?

Select a company that is listed on the NASDAQ or New York Stock Exchange. Research the...

Select a company that is listed on the NASDAQ or New York Stock Exchange. Research the extent to which the company has an entrepreneurial culture. Does the company use product champions? Does it have a corporate venture capital fund? Do you believe its entrepreneurial efforts are sufficient to generate sustainable advantages.

Select a publicly traded company that trades on the New York Stock Exchange (NYSE) or on...

Select a publicly traded company that trades on the New York Stock Exchange (NYSE) or on the NASDAQ to analyze. Please note that it is usually easier to find more recent information on larger or well-known companies. The analysis in your essay should answer the following questions: 1. Why did you choose to analyze this company? 2. What were the opinions of some of your referenced articles on this stock as an investment? 3. Please note that it is best...

How the New York Stock exchange (NYSE) trade data is transformed into information

Go to the New York Stock Exchange website (www.nyse.com) and find three product offerings.

1. Go to the New York Stock Exchange website (www.nyse.com) and find three product offerings.2. Write a brief description of each of them and described at least three product offerings.3. Use at least one example for each product offering described in the essay.4. Cite references to material that you use in preparing the essay.

As you may know the New York Stock Exchange has as much folklore associated with it...

As you may know the New York Stock Exchange has as much folklore associated with it as it does profits. As an investor in the stock market what kind of information should we follow.

When was the attempted merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of...

When was the attempted merger between the New York Stock Exchange-Euronext and the Deutsche Borse (of Germany)? What was the value of this merger? Which government agency blocked it and on what grounds?

Question