{"product_id":"v20344marmak","title":"V. 20:3 (44-48): A Market Maker's Perspective by Don Bright","description":"A Market Makers Perspective by Don Bright\u003cbr\u003e\u003cbr\u003eHeres an eye-opening look at the market makers\nrole and the pros and cons of this system in light of\ntodays increasingly electronic marketplace.\u003cbr\u003e\u003cbr\u003eW\nhen you place an order to buy a\nstock, what happens between the\ntime you place your order and the\ntime it is executed? You might\nthink you have complete control\nover your trading decisions, but\nwithin that short period of time your order is in the\nhands of market makers and the control is out of\nyour hands. Knowing what they do and how they\noperate can have a significant effect on your trading.\u003cbr\u003e\u003cbr\u003eTYPES OF MARKET MAKERS\u003cbr\u003e\u003cbr\u003eTheres a major distinction between the two most\ncommon interpretations of the term market maker,\nand its important to know the differences. The main\nmarket maker on the floor of an options exchange for\na particular stock is called a Designated Primary\nMarket Maker (DPM). This person is required to\nprovide a fair market price (and thus liquidity) in the\nstock options traded. These traders can improve\nmarkets in many different securities, as desired, but\nmust at minimum make a fair market in their\ndesignated stocks. There are specific guidelines as to\nthe bid\/offer spread and minimum trade size\nreflected when asked.","brand":"store-traders-com","offers":[{"title":"Default Title","offer_id":52134116917617,"sku":"\\V20\\C03\\C48MARK.PDF","price":2.95,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0900\/3843\/6209\/files\/unnamed_7695e376-f1d4-4e41-9a6c-5ac056ba1c7d.jpg?v=1739667327","url":"https:\/\/shop.traders.com\/products\/v20344marmak","provider":"Stocks \u0026 Commodities","version":"1.0","type":"link"}