Meaning SPECIALIST: On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock). Member of a stock exchange who maintains a "fair and orderly market" in one or more securities. Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers in the OTC market. Major functions include executing limit orders on behalf of other exchange members for a portion of the floor broker's commission, and buying or selling for the specialist's own account to counteract temporary imbalances in supply and demand and thus prevent wide swings in stock prices
More terms such as Specialist in Dictionary S.
- Definition Spot Futures Parity Theorem:
- Examples Describes the theoretically correct relationship between spot and futures prices. Violation of the parity relationship gives rise to arbitrage opportunities specialist definition.
- Definition Series E Bond:
- Examples A local and state tax-free bond issued by the U.S. government from 1941 to 1979, which was then replaced by Series HH bonds specialist explain.
- Definition Short Covering:
- Examples Used in the context of general equities. Actual purchase of securities by a short seller to replace those borrowed at the time of a short sale specialist what is.
- Definition Straight Term Insurance Policy:
- Examples Term life insurance policy providing a fixed-amount death benefit over a certain number of years specialist meaning.
- Definition Selected Dealer Agreement:
- Examples The set of rules governing the selling group in an underwriting specialist abbreviation.
