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Dell_Griffith

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Dell_Griffith

Re: wEaReLeGiOn post# 937

Tuesday, 06/14/2022 3:11:18 PM

Tuesday, June 14, 2022 3:11:18 PM

Post# of 1523
Apol9gies, didn't read this the first time, but this TOTALLY proves my point! Thank you!

A designated market maker (DMM) is a market maker responsible for maintaining fair and orderly markets for an assigned set of listed stocks. Formerly known as specialists, the designated market maker is the official market maker for a set of tickers and, in order to maintain liquidity in these assigned stocks, will take the other side of trades when buying and selling imbalances occur.



And we ALL know that GS, DB and CS are "altruistic" players just looking to "create balance." =)

Damn market makers! They LOVE messing with stocks like Rivian!
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