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Affirmative Obligation

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Affirmative Obligation
An obligation of NYSE specialists to enter the market on a particular security (either by posting or bidding and ask) when there is not sufficient market demand and supply to efficiently match orders.

Notes:
The affirmative obligation requires specialists to create a market for a security when public demand or supply is ineffective and can not create it for itself.

Affirmative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Affirmative obligation is the mandate of the specialists to step in and act as either the buyer or the seller when public investor orders exist do not match up naturally. Also known as positive_obligation. Related: negative_obligation.
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Thus, the FVM was the preferred method, yet P was under no affirmative obligation to elect it.
Allocation of employee stock options to cost-sharing agreement by O'Driscoll, David / The Tax Adviser
* Imposing an affirmative obligation on taxpayers to identify relevant concerns that may affect CA negotiations, e.
What's new? What's missing? The IRS updates APA procedures by Lewis, Patricia Gimbel / Tax Executive
``These criminal investigations go to the essence of clean and honest government and you have an affirmative obligation to assist the criminal investigators and the public in learning the complete truth.
WEISS FIRES OFF LETTER TO MAYOR by Daily News (Los Angeles, CA)
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