What role do market makers play in the trading system? How do they profit from this role? How do the market makers compete with one another? How does the NASDAQ quoting convention work How do the market makers enforce the quoting convention? What elements are necessary to make a convention such as this work? Were these present in this case? What is the result of this type of quoting convention?

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Market makers play a crucial role in the trading system by providing liquidity and facilitating the efficient functioning of financial markets Heres a detailed explanation of their role how they profi... View the full answer