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Designated Market Maker
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Formerly known as Specialists, Designated Market Makers (DMM) are members of the NYSE whose responsibilities include maintaining an orderly market in the stocks they service and acting as brokers' brokers, buying and selling stock at specified prices. A DMM may be asked to find buyers or sellers for a stock or buy or sell for its own account in order to fill a large bid or offer outside the regular market.
Created By:
Russell Benasaraf
03-17-2014
Last Updated By:
Russell Benasaraf
03-17-2014
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