Contrast the specialist system traditionally used on the NYSE with the dealer system associated with the NASDAQ

Question:

Contrast the specialist system traditionally used on the NYSE with the system associated with the NASDAQ market.
Dealer
A dealer in the securities market is an individual or firm who stands ready and willing to buy a security for its own account (at its bid price) or sell from its own account (at its ask price). A dealer seeks to profit from the spread between the...