- Specialist
- On an exchange, the member firm that is designated as the market maker (or dealer for a listed common stock). Only one specialist can be designated for a given stock, but dealers may be specialists for several stocks. In contrast, there can be multiple market makers in the OTC market. The New York Times Financial Glossary
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1. COMMERCE a person or business that has a lot of skill or knowledge in a particular subject, and often gives advice to others:specialist in• He's a specialist in the insurance industry.
• Many technical specialists are employed in commerce and the service sector.
2. FINANCE a dealer on a stockmarket who buys and sells shares in a small list of companies for investors— specialist adjective [only before a noun] :• The advantage of employing a specialist firm is that its tradesmen are more likely to be well trained and experienced.
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Market makers in one or more selected securities listed on an exchange. Found at a trading post on the floor, they earn their income from commission when acting as a broker, or from the spread in their quoted prices when acting as a dealer.* * *
Ⅰ.specialist UK US /ˈspeʃəlɪst/ noun [C]► someone who has a lot of experience, knowledge, or skill in a particular subject or business area: specialist in sth »She is a specialist in financial services and insurance.
► FINANCE, STOCK MARKET someone who works on a US stock market and buys and sells shares in particular types of companies: »Specialists on regional exchanges sometimes have lower dealing costs than those in New York.
Ⅱ.specialist UK US /ˈspeʃəlɪst/ adjective [before noun]► having a lot of experience, knowledge, or skill in a particular subject or business area: »The bank can give you specialist advice.
»It is always good to consult a specialist financial adviser.
»Five specialist firms are under investigation for allegedly interfering in the buying and selling of shares by investors.
Financial and business terms. 2012.