An exchange specialist is a(n):
A) trader who makes a market in OTC stocks and ADRs.
B) floor broker on the New York Stock Exchange who only executes trades for other brokers in return for commissions.
C) electronic brokerage concern that executes trades online and through specialized trading order executing services.
D) dealer on the New York Stock Exchange who executes orders for other brokers and who also acts as a market maker with the responsibility of keeping an orderly market in designated stocks.
Answer: D) dealer on the New York Stock Exchange who executes orders for other brokers and who also acts as a market maker with the responsibility of keeping an orderly market in designated stocks.