A DMM is an employee who executes orders to buy and sell fo

A DMM is a(n):

- employee who executes orders to buy and sell for clients of his or her brokerage firm.

- individual who trades on the floor of an exchange for his or her personal account.

- NYSE member who functions as a dealer for a limited number of securities.

- broker who buys and sells securities from a market maker.

- trader who deals only with primary offerings.

Solution

Correct option is > NYSE member who functions as a dealer for a limited number of securities.

DMM is obligated to maintain a fair, orderly market for limited number of securities at NYSE floor.