Differentiate between the role of a specialist on the NYSE and the role of a dealer on
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Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...
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A specialist is charged by the NYSE with maintaining a fair and orderly market in his or her assigne...View the full answer
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Related Book For 
Fundamentals of Investments
ISBN: 978-0132926171
3rd edition
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
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