WORK OF A NYSE SPECIALIST

WORK OF THE NYSE SPECIALIST The main functions of the Specialist On the floor of the New York Stock Exchange 1366 specialists. Most of them work for one of 7 dealer companies of NYSE members. Each of them controls the trading process in one, the share allotted to him. Which specialist will be responsible for trading in a particular stock is decided by the NYSE Board of Directors. If a specialist does a good job at his job, it can be enhanced – give a share to a more prestigious company to trade, with a large day trading volume. If the specialist does not cope with his duties, he may be downgraded or even fired. For example, if he violates the trading rules or receives a lot of complaints from clients. Be a specialist, this is quite an expensive pleasure. In order to be eligible to work as a NYSE specialist, you must first pay for “specialist chair“. The price of such a chair reached 4 million dollars.. The main task of the specialist is support “honest and orderly” market trading in your stock. First of all, this means the execution of transactions at the best price that is possible at the moment., поддержка минимального Spread на котировках и предотвращение слишком резких скачков цены акции. Одна из ключевых фигур на бирже – это специалист NYSE, it acts as an important link between the buyer and the seller, and also create a safe and fair environment for all transactions between market participants. …

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