Registered competitive market maker

Registered competitive market maker,

Definition of Registered competitive market maker:

  1. A member of the New York Stock Exchange who is obligated to improve market liquidity by using his or her own inventory to buy and sell stock for a given security at prices that narrow the spread or increase market depth. Compare to Specialist. See Make a Market; Market Maker.

Meaning of Registered competitive market maker & Registered competitive market maker Definition