World Surveillance Group Inc (fka WSGI)

[lowtrade]

willsimon

Specialists are the same as OTC:BB market makers but regulated and transparent.


Specialists become the market makers; for all including market makers.


AMEX MARKET STRUCTURE

Specialists serve as dealers when there is insufficient public interest to accommodate buyers or sellers at prices close to the last trade. In these instances, specialists buy or sell from their own account to improve price continuity and liquidity. They also participate as dealers on all odd-lot orders.
Specialists act as agents or brokers' brokers, holding limit orders entrusted to them by brokers on behalf of customers. These away-from-the-market orders constitute the "book" and specialists are responsible for seeing that they are executed when the market reaches the specified limit price.

Specialists are the same as OTC:BB market makers but regulated and transparent
Specialists are obligated to maintain a fair quotation spread and to stabilize prices for their securities, as well as seek price improvement on all orders entrusted to them.
Amex specialists are carefully regulated to ensure that their activities are limited to these roles so that they remain unbiased and willing to buy or sell whenever necessary to enhance liquidity or manage price swings.

Specialists become the market makers; for all including market makers.
Registered traders, or market makers, are American Stock Exchange members who provide an additional source of liquidity for securities traded on the Amex. As part of the crowd, they trade for their own account and enhance the specialists' role of providing price continuity and liquidity on both sides of the market.