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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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Dictionary of trader and investor. 100+ terms

The Trader's Financial Dictionary contains basic exchange terms for beginners. Most relevant financial “slang”. Market On Close (MOC) order is an order, which can be sent during the day during the trading session, but will be executed in the last trade at close. Throughout the trading day, exchanges accumulate MOC orders and bring them together in the last trade (print) trading day. After-hours trading – execution of transactions with securities after the close of the exchange session. Previously, this type of trade using special computer systems was used by, mainly, institutional traders. Many online brokers today offer access to “last day trading” a wide range of investors. Ask (asked price) – Selling price – seller's asking price, ie. the lowest price, by which he is ready to sell. At-the-opening order – order to the broker to conclude a deal at the best price at the opening of the exchange (at the beginning of the morning session). ATS (Alternative Trading Systems) – alternative trading systems are the fastest growing e-commerce medium. They provide their members-subscribers with access to information and trading on various platforms through special software.. Compared to online brokers, PBX operation is faster and more reliable in that, regarding the processing and execution of orders. In the SEC rules, the term ATS is defined as “any organization, association, face, group of persons or system, That: …

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