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Replies to post #96162 on Bergio International Inc (BRGO)
Ludar
08/05/14 2:02 PM
#96203 RE: Dan7564 #96162
On the NASDAQ, OTCBB, and Pink Sheets, market makers compete with each other by individually quoting the best bid and offer they're willing to execute a trade for on behalf of their firm or client. These market makers are required to maintain two-sided markets during exchange hours and are obligated to buy and sell at their displayed bids and offers. They typically do not receive the trading advantages a specialist does, but they do get some, such as the ability to naked short a stock, i.e., selling it without borrowing it. In most situations, only official market makers are permitted to engage in naked shorting.