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Registered competitive market maker |
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Registered Competitive Market MakerIdentifies New York Stock Exchange (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms' capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer's otherwise unexecutable order.Registered competitive market makerAn NASD-registered NASD who acts as a NASD for a designated NASD NASD by buying and selling that NASD to maintain stability.Registered competitive market maker Similar MatchesPerfectly competitivePerfectly competitiveRefers to an economic agent (firm or consumer), group of agents (industry), model, or analysis that is characterized by perfect competition. Contrasts with imperfectly competitive. CompetitiveCompetitiveUsed alone, this usually means perfectly competitive. Contrasts with imperfectly competitive. Noncompetitive tenderNoncompetitive tenderOffer by an investor to purchase Treasury securities at a price equivalent to the weighted average discount rate or yield of accepted competitive bids in a Treasury auction. Noncompetitive tenders are always accepted in full. Perfectly competitive financial marketsPerfectly competitive financial marketsMarkets in which no trader has the power to change the price of goods or services. Perfect capital markets are characterized by certain conditions: (1) Trading is costless, and access to the financial markets is free; (2)information about borrowing and lending opportunities is freely available; and (3) there are many traders, and no single trader can have a significant impact on market prices. Competitive biddingCompetitive biddingA securities offering process in which securities firms submit competing bids to the issuer for the securities the issuer wishes to sell. Further SuggestionsNoncompetitive bidCompetitive bidders Imperfectly competitive Competitiveness Global competitiveness Competitive offering Competitive advantage |
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