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registered competitive market maker

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Financial Dictionary

registered competitive market maker

  1. A dealer registered with the National Association of Securities Dealers to make a market in one or more securities. A registered competitive market maker must give the market firm bid and ask prices.

  2. A floor trader on the New York Stock Exchange.


Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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