Negative Obligation

	Definition of 'Negative Obligation' An obligation of NYSE specialists to remain on the sidelines and refrain from acting as principal when there is sufficient market demand and supply to efficiently match orders.
	Investopedia explains 'Negative Obligation' The negative obligation ensures that specialists are not getting involved in the market on their own behalf when the market is able to "make itself" and sufficiently match buyers with sellers. This obligation on the specialists provides the public with the opportunity to transact with each other without specialist intervention.

Related Definitions

Understanding The Ticker Tape

We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen.
Whisper Numbers: Should You Listen?

These unofficial forecasts hold the potential for insider insight - and investment risk.
Translating Ticker Talk

Stock tickers can say a lot about a company in just a few letters. Find out how to read them.
Should You Be Afraid Of Dark Pool Liquidity?

Don't fear the deep end. Dark pool liquidity can help drive down stock cost for everyday investors.
Turnaround Stocks: U-Turn To High Returns

Find out which catalysts can turn struggling stocks around to create a tidy profit.

Why Americans Think Bush Is To Blame For The Economy	The Complete Guide To Calculating Your Net Worth		Top Investment Trends For 2013	5 Viable Career Options In 2013
	How Do Internet Browsers Make Money?	Commodities Of The Future	Trending Stocks And The January Effect