Stock Market - Market Makers List - A to Z
Features a market makers directory list from a-z, there are more than 600 member firms that act as NASDAQ Market Makers...
Market Makers List Information and Legend:
MPID: The identifier for each market participant. In cases where a Market-Making firm trades a security from a location other than its main trading location, a fifth-letter may be appended to the Market Makers identifier for that security. Each Market Maker is free to use any letter to designate a specific branch location as desired.
There are several types of NASDAQ participants. Listed below are the characters used with its corresponding market participant type.
A = Agency Quote
C = Electronic Communications Network (ECN)
E = Exchange
M = Market Maker
N = Miscellaneous
O = Order Entry Firm
P = NASDAQ Participant
Q = Query Only Firm
S = Specialist
The firm name of the Market Participant.
The geographic location or the trading desk(s) name of the firm.
The telephone number of the geographic location or trading desk of the firm.
Indicates whether a Market Participant is a member of the NASDAQ Exchange. Possible values are:
Y = Yes, MP is a NASDAQ exchange member
N = No, MP is not a NASDAQ exchange member
Indicates whether a Market Participant is a member of the Financial Regulatory Authority (FINRA)
Y = Yes, MP is a FINRA member
N = No, MP is not a FINRA member
NASDAQ BX Member:
Indicates whether a Market Participant is currently a member of the Boston Stock Exchange (BSE) or a market participant on the former BSE equity trading platform. It is expected that such Market Participants will continue to have trading rights on a NASDAQ BX equity trading platform.
Y = Yes, MP is a NASDAQ BX member
N = No, MP is not a NASDAQ BX member
Indicates whether a MP is currently a member of NASDAQ OMX PHLXSM (PHLX00ae) and eligible to trade on PSX..
Y = Yes, MP is a PHLX member, eligible to trade on PSX
N = No, MP is not eligible to trade PSX
A market maker is a firm who quotes both a buy and a sell price in a financial instrument or commodity, hoping to make a profit on the turn or the bid/offer spread.
In foreign exchange trading, where most deals are conducted Over-the-Counter and are, therefore, completely virtual, the market maker sells to and buys from its clients. Hence, the client's loss and the spread is the market-maker firm's profit, which gets thus compensated for the effort of providing liquidity in a competitive market. This extra liquidity reduces transaction costs and therefore facilitates trades for the clients, who would otherwise have to accept a worse price or even not be able to trade at all. Most foreign exchange trading firms are market makers and so are many banks, although not in all currency markets.
Market Makers Info A-Z Continued...
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Market Makers Info A-Z Continued....Most stock exchanges operate on a matched bargain or order driven basis. In such a system there are no designated or official market makers, but market makers nevertheless exist. When a buyer's bid meets a seller's offer or vice versa, the stock exchange's matching system will decide that a deal has been executed.
In the United States, the New York Stock Exchange (NYSE) and American Stock Exchange (AMEX), among others, have a single exchange member, known as the "specialist," who acts as the official market maker for a given security. In return for a) providing a required amount of liquidity to the security's market, b) taking the other side of trades when there are short-term buy-and-sell-side imbalances in customer orders, and c) attempting to prevent excess volatility, the specialist is granted various informational and trade execution advantages.
Other U.S. exchanges, most prominently the NASDAQ Stock Exchange, employ several competing official market makers in a security. 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. In most situations, only official market makers are permitted to engage in naked shorting.
On the London Stock Exchange (LSE) there are official market makers for many securities (but not for shares in the largest and most heavily traded companies, which instead use an automated system called TradElect). It is their prices which are displayed on the Stock Exchange Automated Quotation system, and it is with them that ordinary stockbrokers generally have to deal when buying or selling stock on behalf of their clients.
Proponents of the official market making system claim market makers add to the liquidity and depth of the market by taking a short or long position for a time, thus assuming some risk, in return for hopefully making a small profit. On the LSE one can always buy and sell stock: each stock always has at least two market makers and they are obliged to deal.
This contrasts with some of the smaller order driven markets. Unofficial market makers are free to operate on order driven markets or, indeed, on the LSE.
Market Makers - A-Z List:
A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z