Statements (33)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:market_participant
|
| gptkbp:alsoKnownAs |
gptkb:DMMs
|
| gptkbp:canBe |
broker-dealers
banks financial firms |
| gptkbp:distinctFrom |
gptkb:floor_brokers
electronic market makers |
| gptkbp:employs |
algorithmic trading
human traders |
| gptkbp:example |
gptkb:Citadel_Securities
gptkb:Virtu_Financial gptkb:GTS |
| gptkbp:introducedIn |
2008
|
| gptkbp:operates |
gptkb:New_York_Stock_Exchange
stock exchanges |
| gptkbp:regulates |
gptkb:U.S._Securities_and_Exchange_Commission
gptkb:NYSE_rules |
| gptkbp:replacedBy |
specialists
|
| gptkbp:requires |
buy and sell from their own accounts
maintain continuous two-sided markets meet quoting requirements participate in opening and closing auctions provide price improvement quote bid and ask prices reduce volatility |
| gptkbp:responsibleFor |
assigned securities
|
| gptkbp:role |
facilitate trading
maintain fair and orderly markets provide liquidity |
| gptkbp:subject |
penalties for failure to perform
|
| gptkbp:bfsParent |
gptkb:NYSE
|
| gptkbp:bfsLayer |
5
|
| https://www.w3.org/2000/01/rdf-schema#label |
Designated Market Makers
|