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In a broker market such as the NYSE, the broker will first attempt to sell from his or her own inventory. will not be able
In a broker market such as the NYSE, the broker
will first attempt to sell from his or her own inventory. | ||
will not be able to execute a trade if there are no matching buy and sell offers. | ||
must attempt to match sellers and buyers at the mid-point of the bid/ask spread. | ||
will act as either broker or dealer depending on which will maximize his or her profit. |
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