Post by Eagle1 on Apr 7, 2006 15:11:08 GMT -5
Market Maker
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security.
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. This process takes place in mere seconds.
The Nasdaq is the prime example of an operation of market makers. There are over 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
www.investopedia.com/terms/m/marketmaker.asp
daytrading.about.com/cs/ecns/l/bl_mmcodes.htm
A
AANA - ABNO Amro
ADAM - Adams, Harkness & Hill
ADVS - Advest
AGED - A.G. Edwards
AGIS - Aegis Capital
ARCA - Archipelago ECN
ATTN - Attain ECN
B
BANC - Banc One Securities
BEST - Bear, Sterns
BRUT - The Brass Utility ECN
BTRD - Bloomberg TradeBook ECN
C
CANT - Cantor Fitzgerald
CIBC - CIBC World Markets
COST - Coastal Securities
COWN - Societe Generale Securities
CRTC - Credit Research and Trading
CRUT - Cruttenden Roth
D
DAIN - Dain Rauscher
DBKS - Deutsch Bank Securities
DJLP - Donaldson, Lufkin & Jenrette Securities
F
FAHN - Fahnestock
FBCO - Credit Suisse First Boston
FCAP - First Union Capital Markets
FLTT - Fleet
FRAN - WM. V. Frankel
G
GKMC - Gerard Klauer Mattison
GRUN - Gruntal
GSCO - Goldman, Sachs
H
HMQT - Hambrecht & Quist
HRZG - Herzog, Heine & Geduld
HSBC - HSBC Securities
I
INCA - Instinet ECN
ISLD - Island ECN
J
JBOC - JB Oxford
JEFF - Jeffries
JOSE - Josephthal
JPMS - JP Morgan Securities
K
KBRO - Kaufman Brothers
KCMO - Security Investment Company of Kansas City
L
LAZA - Lazard Freres
LEGG - Legg Mason
LEHM - Lehman Brothers
LTCO - Ladenburg, Thalman
M
MADF - Bernard L. Madoff
MASH - Mayer & Schweitzer
MDLD - McDonald Securities
MDSN - Madison Securities
MHMY - M.H. Meyerson
MLCO - Merrill Lynch
MLVN - Melvin Securities
MONT - Banc of America Securities
MSCO - Morgan Stanley
MWSE - Chicago Stock Exchange
N
NEED - Needham
NFSC - National Financial Services
NITE - Knight Securities
O
OLDE - Olde Discount
P
PERT - Pershing Trading
PFSI - Penson Financial
PRUS - Prudential Securities
PWJC - PaineWebber
R
RAJA - Raymond James
RAMS - Ramius Securities
REDI - REDIBook ECN
RSSF - Banc Boston Robertson Stephens
RYAN - Ryan, Beck
S
SBSH - Salomon Smith Barney
SELZ - ING Barings Furman Selz
SHWD - Sherwood Securities
SLKC - Spear, Leeds & Kellogg
SNDS - Sands Brothers
SNDV - Soundview
STRK - Strike ECN
SWST - Southwest Securities
T
TWPT - Thomas Weisel
TWTR - Thornwater
V
VCAP - Vanguard Capital
VKCO - First Security Van Casper
VOLP - Volpe Brown Whelan
W
WARR - Warburg, Dillon Read
WEDB - Wedbush Morgan
WEED - Weeden
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular security in order to facilitate trading in that security.
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. This process takes place in mere seconds.
The Nasdaq is the prime example of an operation of market makers. There are over 500 member firms that act as Nasdaq market makers, keeping the financial markets running efficiently because they are willing to quote both bid and offer prices for an asset.
www.investopedia.com/terms/m/marketmaker.asp
daytrading.about.com/cs/ecns/l/bl_mmcodes.htm
A
AANA - ABNO Amro
ADAM - Adams, Harkness & Hill
ADVS - Advest
AGED - A.G. Edwards
AGIS - Aegis Capital
ARCA - Archipelago ECN
ATTN - Attain ECN
B
BANC - Banc One Securities
BEST - Bear, Sterns
BRUT - The Brass Utility ECN
BTRD - Bloomberg TradeBook ECN
C
CANT - Cantor Fitzgerald
CIBC - CIBC World Markets
COST - Coastal Securities
COWN - Societe Generale Securities
CRTC - Credit Research and Trading
CRUT - Cruttenden Roth
D
DAIN - Dain Rauscher
DBKS - Deutsch Bank Securities
DJLP - Donaldson, Lufkin & Jenrette Securities
F
FAHN - Fahnestock
FBCO - Credit Suisse First Boston
FCAP - First Union Capital Markets
FLTT - Fleet
FRAN - WM. V. Frankel
G
GKMC - Gerard Klauer Mattison
GRUN - Gruntal
GSCO - Goldman, Sachs
H
HMQT - Hambrecht & Quist
HRZG - Herzog, Heine & Geduld
HSBC - HSBC Securities
I
INCA - Instinet ECN
ISLD - Island ECN
J
JBOC - JB Oxford
JEFF - Jeffries
JOSE - Josephthal
JPMS - JP Morgan Securities
K
KBRO - Kaufman Brothers
KCMO - Security Investment Company of Kansas City
L
LAZA - Lazard Freres
LEGG - Legg Mason
LEHM - Lehman Brothers
LTCO - Ladenburg, Thalman
M
MADF - Bernard L. Madoff
MASH - Mayer & Schweitzer
MDLD - McDonald Securities
MDSN - Madison Securities
MHMY - M.H. Meyerson
MLCO - Merrill Lynch
MLVN - Melvin Securities
MONT - Banc of America Securities
MSCO - Morgan Stanley
MWSE - Chicago Stock Exchange
N
NEED - Needham
NFSC - National Financial Services
NITE - Knight Securities
O
OLDE - Olde Discount
P
PERT - Pershing Trading
PFSI - Penson Financial
PRUS - Prudential Securities
PWJC - PaineWebber
R
RAJA - Raymond James
RAMS - Ramius Securities
REDI - REDIBook ECN
RSSF - Banc Boston Robertson Stephens
RYAN - Ryan, Beck
S
SBSH - Salomon Smith Barney
SELZ - ING Barings Furman Selz
SHWD - Sherwood Securities
SLKC - Spear, Leeds & Kellogg
SNDS - Sands Brothers
SNDV - Soundview
STRK - Strike ECN
SWST - Southwest Securities
T
TWPT - Thomas Weisel
TWTR - Thornwater
V
VCAP - Vanguard Capital
VKCO - First Security Van Casper
VOLP - Volpe Brown Whelan
W
WARR - Warburg, Dillon Read
WEDB - Wedbush Morgan
WEED - Weeden