The Role of the Specialist on the New York Stock Exchange
Goff, John Charles
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This paper will investigate the specialist as a component of the Exchange. It will concentrate on the market for common and preferred stocks, rights and warrants, those securities in which the specialist is directly involved. The terms "issues," "stocks" and "securities" will be used interchangeably in the text to refer to these common and preferred stocks, rights and warrants. The paper will describe the specialist as he operates within the New York Stock Exchange and will analyze his performance.