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Topic: Market maker


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In the News (Fri 18 Dec 09)

  
  Market Maker Exemption From Net Capital Rule
In addition, market makers that engage in more than occasional off-floor transactions, that are not directly related to their primary on-floor business, to the extent that the off-floor transactions are more than 25% of their total transactions will be required to file annually audited financial statements.
These market makers would be allowed to withdraw equity capital, however, so long as their tentative net capital, i.e., net capital before haircut and undue concentrations deductions, is equal to at least 25% of their total deductions and 120% of their required minimum net capital before haircuts.
In the case of a market maker subject to the net capital rule, the notice provisions of paragraph (e)(1) and the temporary restrictions on withdrawal of net capital of paragraph (e)(3) would be based upon tentative net capital rather than net capital.
www.amex.com /amextrader/tdrInfo/data/axNotices/2003/082703.html   (1095 words)

  
 ASX Option Market market makers
Market makers compete against one another while trading on their own account and at their own risk.
Market Makers who choose to make a market on a continuous basis are obligated to provide Orders continuously for certain percentages of time* in eighteen series per Underlying Security, encompassing three calls and three puts in any three of the next six expiry months.
Market makers who choose to make a market in response to Quote Requests must provide orders on request for certain percentages of the time* for all Series up to nine months maturity in a Class for the Minimum Quantity and at the Maximum Spread.
www.asx.com.au /investor/options/trading_information/market_makers.htm   (625 words)

  
 Market Maker
A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price.
You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets.
Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.
www.sec.gov /answers/mktmaker.htm   (144 words)

  
 Market makers and the role of Easy Forex Ltd.
Market Makers regard the total positions of their clients as a whole, same goes for banks and other market makers in the Forex market.
Market makers are not intermediates, neither portfolio managers, nor advisors who represent customers (while earning commission), but rather they buy and sell goods to the customer.
Definitely not, because the Forex market is the nearest to being a "perfect market" (as defined by economics theory).
www.easy-forex.com /en/Forex.online1.aspx   (581 words)

  
 What is a Market Maker?
A market maker is a special type of broker whose function it is “make” the market for a particular stock.
The market maker will hold a certain number of stock shares in his or her inventory for the express purpose of being able to sell them to the person bidding to purchase them, or will add to his or her inventory by purchasing stock from a seller offering stock shares.
Since a market maker makes a profit on every sale, whether the market goes up or down, the right to be a market maker on a market like the NASDAQ is worth a great deal of money.
www.wisegeek.com /what-is-a-market-maker.htm   (413 words)

  
 Pink Sheets -- Electronic Quotation and Trading System for OTC Securities
Only one market maker is required for a security to be in the Pink Sheets; however, not all market makers are willing to file a Form 211.
The market maker must have a reasonable basis for believing that the information is accurate and obtained from reliable sources.
This provides the market maker with an exemption to filing a Form 211 in the event the security is delisted from the Exchange.
www.pinksheets.com /otcguide/issuers_getquoted.jsp   (2006 words)

  
 Welcome to eSignal Learning! -- Better Trading. Smarter Investing.
Depending on the exchange, when a market maker posts a bid or ask price, the exchanges (at least the major ones) require that the newly posted price (in our case, $3.60) be good for at least 20 contracts.
It is often in the market maker's best interest to fill your order for five contracts at $3.60 just to get you out of his hair.
Unless the market moves dramatically in your direction, you're going to be sitting there with one filled contract and an open order to sell nine other contracts.
www.esignallearning.com /education/marketmaster/archive/0205/021805.asp   (1047 words)

  
 Market Makers: Trade Execution Solutions for Online Investors -- Knight Securities, L.P.
As a market maker in NASDAQ securities, Knight engages in the widespread industry practice of "payments for order-flow." Under this practice, broker-dealers who originate market orders receive rebates of typically between 1¢ and 2¢ per share for orders directed by them to selected market makers for execution.
Market conduct rules obligate these originating firms to closely monitor the performance of firms providing such execution services for consistency with applicable market rules and practices.
After its quote is hit, the market maker has an additional 10 seconds to change the quote's price and size during which period it is not required to honor its quote.
www.oag.state.ny.us /investors/1999_online_brokers/market_makers.html   (3662 words)

  
 Market Maker Tactics
The market makers are purely there to try and buy a contract on their bid price, and then either try to sell that same contract on their offer price, or hedge their delta risk immediately if they can't offset the original trade.
In fact, the market makers try really hard to give good, accurate and fair quotes because, quite frankly, the ones who give the best markets are the ones who get involved with the most trades.
It's a market maker's job to be tactically involved with as many trades as possible, while getting a small edge with each one of those trades.
www.smartoptionsreport.com /Archives/2005/20050502.html   (877 words)

  
 Market maker - Wikipedia, the free encyclopedia
A market maker is a person or a firm which quotes a buy and sell price in a financial instrument or commodity hoping to make a profit on the turn or the bid/offer spread
In such a system there are no designated or official market makers but market makers nevertheless exist.
Proponents of the official market making system claim market makers add to the liquidity and depth of the market by taking a short or long position for a time, thus assuming some risk, in return for hopefully making a small profit.
en.wikipedia.org /wiki/Market_maker   (312 words)

  
 market maker Definition
Market makers are very important for maintaining liquidity and efficiency for the particular securities that they make markets in.
At most firms, there is a strict separation of the market-making side and the brokerage side, since otherwise there might be an incentive for brokers to recommend securities simply because the firm makes a market in that security.
Learn the lingo of "the market," as well as theories about market behavior, such as random walk, behavioral finance theory, and what makes a market efficient.
www.investorwords.com /2977/market_maker.html   (282 words)

  
 [No title]
Market Makers using the quote screen on the Eurex US trading platform will be assigned to the following CTI and origin combinations.
Market Makers using the trade entry screen on the Eurex US trading platform are required to populate the CTI, Origin, and account number.
If the market maker leaves this information blank, no account will be populated on the TREX message.
www.clearingcorp.com /clearingmembers/EurexUS/marketmaker.html   (233 words)

  
 rediff.com: Market-maker could turn a volume pivot: BS
Once the cash and futures market are completely segregated from July 2, the market makers are expected to crawl out of the woodwork.
As market makers, the brokers will once again provide two-way quotes in the shares they have undertaken for market making, at regular intervals of thirty minutes with a minimum depth of Rs 5,000 or one market lot, whichever is higher.
While the stocks under rolling mode, which are mostly active, will not be extended support by the market makers, the not-so-happening stocks will finally see the light of the day.
www.rediff.com /money/2001/jun/08mkt.htm   (326 words)

  
 Price formation
In the FX market, the market makers are the actors which decide the exchange rates.
At each time step, a new market price is calculated from the average of all the new prices announced during the lapse of time.
Consequently if the old price is already higher than the current market price, a correction to the rise will be moderated and a price drop will be increased according the direction taken by the market maker.
cuiwww.unige.ch /~chatagny/market/kluwer_paper/node12.html   (561 words)

  
 How To Quote Securities   (Site not responding. Last check: 2007-10-20)
Every OTC security not currently quoted on the OTC Bulletin Board  is considered "ineligible" until a Market Maker submits a Form 211 or a 15c2-11 Exemption Form.  After clearance, the security is granted "eligible" status.
If a security has eligible status, it means one or more Market Makers has received clearance to quote the issue on the OTC Bulletin Board within the last 30 days.  Any other participating Market Maker that wishes to quote the issue must also submit a completed Form 211.
Market Makers should also check to see if the issue is on the National Quotation Bureau's Pink Sheets.
www.otcbb.com /aboutOTCBB/howtoquote.stm   (606 words)

  
 Market Maker Spread
The difference between the price at which a Market Maker is willing to buy a security and the price at which the firm is willing to sell it (the difference between the bid and ask for a given security).
Since each market maker can either buy or sell a stock at any given time, the spread represents the market maker's profit on each trade.
Market makers are limited as to the size of spread they offer.
www.investopedia.com /terms/m/marketmakerspread.asp   (241 words)

  
 Market Maker   (Site not responding. Last check: 2007-10-20)
Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares.
Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order.
In ProphetX, Market Maker shows who the Market Makers are, and their bids, asks, and # of shares for the instrument you entered.
www.dtn.com /PRX30help/2005/!SSL!/WebHelp/QSHEET/Market_Maker.htm   (361 words)

  
 Amazon.ca: The Market Maker's Edge: Books: Josh Lukeman   (Site not responding. Last check: 2007-10-20)
The Market Maker's Edge, written by longtime ax Josh Lukeman, is the first inside look at how axes think, what they look for, and, most important, how they can be beat.
I think there is real value to know the mind of the market makers that have to make a living in the market everyday by accepting risk.
Obviously, there is no way for a third party to exactly know what is on a market makers desk, it may be interpolated from their actions.
www.amazon.ca /Market-Makers-Edge-Josh-Lukeman/dp/0071412743   (938 words)

  
 NASDAQ Newsroom   (Site not responding. Last check: 2007-10-20)
Investors, NASDAQ-listed companies, funds, and prospective public companies will benefit from the Select Market Maker Program through the ability to identify which firms are continuously providing high-quality liquidity in a stock or a specific sector.
Market makers that qualify as Select Market Makers will benefit from the broad dissemination of their status as Select Market Makers.
All market makers will be eligible and there will be no limit to the number of Select Market Makers in an individual stock.
www.nasdaq.com /newsroom/news/pr2006/ne_section06_091.stm   (646 words)

  
 Market Maker - Wiring Smart Enterprises in the Digital World through Process Orchestration
Market Maker IST-2001-33376 was a project partly funded by the European Commission within the IST Programme (key action II.2 ": New Working Methods and Electronic Commerce", action line II.2.2 "Smart Organisations").
The main objective of the project was to develop and demonstrate a highly sophisticated e-sourcing platform for emerging BSPs in order to enable European enterprises to become virtual nodes of highly integrated and dynamic value networks, under a service provision model.
Exploit a common market intelligence repository emerging by the continuous interaction among business partners.
www.cyberce.gr /market_maker_promotional/ist_project.html   (251 words)

  
 Market Maker Services by DTS   (Site not responding. Last check: 2007-10-20)
This has led to the rapid adoption of outsourcing non-core functions to independent suppliers that can perform these functions for your business efficiently and at a cost that fits your budget.
Our menu of service and support functions gives you the freedom to select only those services that you require at any specified time or occasion.
Once your selection is made you are free from the daily clutter and secondary affairs to focus on what really matters — satisfying your customer.
www.marketmakerservices.com   (233 words)

  
 FX Market Maker Robot
The FX Market Maker Robot is a server that Foresight Exchange players can use to make markets in selected claims.
You are welcome to use these pages to configure the robot to use your own FX account as a market maker in various claims.
A market maker is a trading agent that improves liquidity.
www.gafter.com /~neal/FXBot.html   (1424 words)

  
 Opera Mini Mighty Market Maker » Opera Watch
Opera’s marketing strategy of giving away the software to build a customer base for firms that license Opera mini for their cell phones is a market maker.
Opera is building market share by following the same path for Opera mini that it established in September 2005 when it dropped the licensing fee for its desktop browser.
This is an exciting market to watch, and in the coming months I’ll continue to focus on the crossover between desktop and mobile web browsing.
operawatch.com /news/2006/05/opera-mini-might-market-maker.html   (1814 words)

  
 Amazon.com: The Market Maker's Edge: Books: Josh Lukeman   (Site not responding. Last check: 2007-10-20)
The viewpoint of a market maker trading 5000 or 15,000 shares is occasionally disconcerting considering I trade 400 to 1000 shares but the ideas and knowlege transfer well.
The title of market maker is a slight misnomer.
The book is a gem and although it comes across as simple in some respects, the explanation on candlesticks, market makers strategies, and more, is worth far more than the price I paid.
www.amazon.com /Market-Makers-Edge-Josh-Lukeman/dp/0071412743   (2151 words)

  
 Cenimar - Prediction Market - Market Maker Role
The main Official Market Maker privilege is the ability to purchase a Bundle of Options for I$10.00 per bundle.
The Market Maker role is a critical one for a Prediction Market.
A good Market Maker keeps a full set of limit orders open most of the time and changes the price of those orders to track changes in Option activity.
www.cenimar.com /market/market_maker.jsp   (610 words)

  
 Spread Trades & The Market Maker
Once you know the answer, you might not want to blame the market maker the next time you don't get filled.
Lee was a market maker on the NYMEX for seven years.
He also says market makers aren't out to get the average trader: "When you ask your broker for a quote from the floor (which you should always do before placing ANY futures option trade), the market makers don't know whether you want to buy or sell, so they aren't out to get you."
www.smartoptionsreport.com /Archives/2005/20050613.html   (933 words)

  
 - HedgeStreet
We are excited to offer qualified parties the ability to become a HedgeStreet Market Maker.
Market Makers must be members of HedgeStreet and maintain an active account.
Market Makers must maintain a two-sided displayed quote at a predefined spread for instruments in which they act as a Market Maker.
www.hedgestreet.com /abouthedgestreet/marketmaker.html   (201 words)

  
 Lead Market Maker (LMM) Allocation Algorithm   (Site not responding. Last check: 2007-10-20)
The LMM designation is given to those individuals chosen by CME to make a two-sided market in an assigned contract.
An LMM may have multiple orders on the same side of the market for their assigned contract.
LMM allocation will not apply until after the market opening sequence is complete, with opening matching occurring on a FIFO basis.
www.cme.com /trading/get/abt/lmmalgo17343.html   (563 words)

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