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Hermes frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and sell the stocks of Hajime & Rafa, an electric
Hermes frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and sell the stocks of Hajime & Rafa, an electric car manufacturing company that is listed on the exchange. He competes for customer order flow by quoting the bid price and the ask price for a number of shares. The information given in the scenario indicates that Hermes is a(n) O market maker O accredited investor O floor broker O proprietary trader 4
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