A registered trader is an exchange member who trades for their own account and for their own profit and loss. Orders may not originate on the floor of the NYSE; however, registered traders are active on other exchanges such as the Amex.



The hybrid trading model at the NYSE allows for off floor market makers to qualify as supplemental liquidity providers(SLPs). SLPs must submit bids and offers that are equal to the best bid and offer at least 10 % of the time for at least 100 shares.



TAKE NOTE!



NYSE Rule 61 requires that all bids and offers be for round lots or multiples of round lots. Members in the trading crowd are required to report their bids, offers, and transactions to the reporter.



Series 62 Training





Super Display Book / SDBK

Related Articles
  1. Insights

    The NYSE and Nasdaq: How They Work

    Learn some of the important differences in the way these exchanges operate and the securities that trade on them.
  2. Insights

    Getting To Know The Stock Exchanges

    Here are the answers to all the questions you have about stock exchanges but are too afraid to ask!
  3. Investing

    How Bid Price Affects Liquidity

    The bid price is the amount a buyer will pay for a security.
  4. Insights

    Closing Down The NYSE: What Does It Take?

    The New York Stock Exchange has shut its doors multiple times in its long and storied history. We’ll look at when and why the NYSE in this article.
  5. Trading

    How Much Trading Capital Do Forex Traders Need?

    Even a small pip profit can mean substantial percentage returns over time.
  6. Trading

    Forex: Money Management Matters

    Currency trading offers far more flexibility than other markets, but long-term success requires discipline in money management.
  7. Investing

    How To Create A Real Estate Bidding War

    There are still many areas in the United States that are attractive enough to buyers that you can start a good, old-fashioned bidding war on your property.
Frequently Asked Questions
  1. What is the difference between yield and return?

    While both terms are often used to describe the performance of an investment, yield and return are not one and the same ...
  2. What are the Differences Among a Real Estate Agent, a broker and a Realtor?

    Learn how agents, realtors, and brokers are often considered the same, but in reality, these real estate positions have different ...
  3. What is the difference between amortization and depreciation?

    Because very few assets last forever, one of the main principles of accrual accounting requires that an asset's cost be proportionally ...
  4. Which is better, a fixed or variable rate loan?

    A variable interest rate loan is a loan in which the interest rate charged on the outstanding balance varies as market interest ...
Trading Center