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Differentiate the features of the Designated Market Maker $($DMM$)$ from the majority of trades

conducted on the NYSE.

Direct Market Makers are given advanced looks at the trading orders of other market

participants.

Direct Market Makers have no advantages in trade executions.

The Direct Market Makers system offers a when$-$needed level of human intervention to

maintain a smooth$-$functioning market during periods of stress and high volatility.

The NYSE accepts obligations to commit its own capital to provide quotes and help

maintain a "fair and orderly market."