DEFINITION of 'Saitori'

A member of the Tokyo Stock Exchange who facilitates the trading of securities by matching buy and sell orders. Their role is to make the market as orderly and efficient as possible.

BREAKING DOWN 'Saitori'

The saitori are similar to specialists on the NYSE; however, specialists are not allowed to trade for their own account or for the general public. They trade for the members of the NYSE.

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RELATED FAQS
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    What's the main difference between a specialist and a market maker? Not much. Both the New York Stock Exchange (NYSE) specialist ... Read Answer >>
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    Specialists are people on the trading floor of an exchange, such as the NYSE, who hold inventories of particular stocks. ... Read Answer >>
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