SERIES-6 practice question 9 of 35
The entity that serves as the auctioneer for trades conducted on an organized exchange floor is known as a:
Full set: 325 questionsCorrect Answer:
B. specialist.
Explanation
The entity that serves as the auctioneer for trades conducted on an organized exchange floor is known as a specialist. The specialist is assigned stocks by the exchange and is a market maker in those stocks. A registered trader is a private individual who buys and sells on his own account only. Floor brokers and commission brokers execute trades for other investors.
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