Specialist Unit

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Dictionary Says

Definition of 'Specialist Unit'

A group of firms or individuals that act as a market maker for one or many stocks trading on an exchange. A specialist unit maintains a stable market in a given security by acting as both a principal and agent for brokers. As a principal, a specialist unit will hold its own inventory of stock, in order to facilitate liquidity for a given trade.
Investopedia Says

Investopedia explains 'Specialist Unit'

Specialist units are also responsible for posting relatively narrow bid-ask spreads to maintain liquidity, managing limit orders and large block orders. Additionally, a specialist unit will act as a form of balance in the market by taking the opposing side of bullish or bearish sentiment for a given stock by trading out of its own inventory.
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'Specialist Unit'

  • An Inside Look At ETF Construction

    http://www.investopedia.com/articles/mutualfund/05/062705.asp
    ... agreement with an authorized participant, generally a market maker, specialist or
    large ... 50,000 shares is what's commonly designated as one creation unit of a ...

  • Exchange-Traded Funds: Background | Investopedia

    http://www.investopedia.com/university/exchange-traded-fund/etf1.asp
    ... an ETF officially begins with an authorized participant, also referred to as a market
    maker or specialist. ... The minimum basket size is called a creation unit. ...

  • Series 6 Study Guide - Securities Markets - Exchange Markets ...

    http://www.investopedia.com/exam-guide/finra-series-6/securities-markets/exchange-markets.asp
    ... Key Players: Specialists: Trading on the floor of the NYSE occurs around a specialist. ...
    As principal, the specialist buys and sells from his or her own account. ...

  • Series 7 Study Guide - Securities Markets - The Securities ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/securities-exchange-act-1934.asp
    ... Once a share is trading publicly on a secondary market, it may have an encounter
    with a specialist, a member of the exchange who maintains an orderly market ...

  • ASML Seeing Light At The End Of Semiconductor Tunnel

    http://stocks.investopedia.com/stock-analysis/2012/ASML-Seeing-Light-At-The-End-Of-Semiconductor-Tunnel-ASML-CYMI-TSM-CAJ0120.aspx
    ... Lithography specialist ASML (Nasdaq:ASML) isn'ta typical semiconductor equipment
    company. ... For the quarter, ASML saw system unit sales fall 24% to 41 units. ...

  • Condo-Buying Walkthrough: What Should You Spend On A Condo ...

    http://www.investopedia.com/university/condo-buyers-guide/condo-buyers-guide8.asp
    ... on a condominium unit should be a function of both how the unit will be ... wish to consult
    with a qualified real estate attorney and/or a tax specialist prior to ...

  • 2010: The Year In Med-Tech Deals

    http://stocks.investopedia.com/stock-analysis/2010/2010-The-Year-In-Med-Tech-Deals-COV-MDT-STJ-BSX-GE-TMO-BEC1229.aspx
    ... thought Stryker would be buying the neurostimulation business - a unit that the ... to
    just one deal - the acquisition of oncology diagnostics specialist Clarient. ...

  • The Foreign Exchange Interbank Market

    http://www.investopedia.com/articles/forex/06/interbank.asp
    ... time, prices can easily be skewed to accommodate the interests of the specialist
    and not ... The minimum transaction size of each unit that can be dealt on either ...

  • Series 7 Study Guide - Securities Markets - Over the Counter (OTC) ...

    http://www.investopedia.com/exam-guide/series-7/securities-markets/over-counter-markets.asp
    ... 6.3 Unit investment trusts (UITs); 6.4 Other Types of Investment Companies; 6.5
    Compliance; ... Just like a specialist on an exchange, the market maker can act as a ...

  • Series 7 Study Guide - Securities Transactions - Filling and ...

    http://www.investopedia.com/exam-guide/series-7/securities-transactions/filling-confirming-orders.asp
    ... 6.3 Unit investment trusts (UITs); 6.4 Other Types of Investment Companies; 6.5 ... to
    send orders electronically from the floor directly to the specialist through a ...

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