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Illusion [34]
3 years ago
7

"A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public cus

tomer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that:"
Business
1 answer:
erica [24]3 years ago
7 0

Answer: the Specialist/DMM has therefore guaranteed $25 to the trader.

Explanation:

A floor broker is simply referred to as an exchange independent member who acts as a broker for members who are being overloaded with orders

A floor broker enters the crowd around the Specialist's (DMM's) post to buy 20,000 shares of ABC at the market for a public customer. The Specialist (DMM) tells the trader "20,000 shares of ABC have been stopped at 25." This means that the Specialist/DMM has therefore guaranteed $25 to the trader

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NOTE: Your question isn't clear, Johnson. Would you mind checking it and writing it in a way you can be better helped?

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