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registered competitive market maker

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Registered competitive market maker
An NASD-registered dealer who acts as a market maker for a designated over-the-counter stock by buying and selling that stock to maintain stability.
registered competitive market maker
1. A dealer registered with the National Association of Securities Dealers to make a market in one or more securities. A registered competitive market maker must give the market firm bid and ask prices.
2. A floor trader on the New York Stock Exchange.
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