Or "specialists"--the floor traders who get exclusive access to order flows in exchange for the obligation to maintain an orderly market?
But they took any financial incentive for a firm to want to commit capital to make an orderly market in these small companies.
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Two, if "fair value" is the price to be received in an "orderly market, " then what happens when the market is panicked and disordered?
Those firms were also tasked with keeping an orderly market.
"Computer systems don't have a sense of morality, " exclaims MacKenzie, noting the take-one-for-the-team role played by floor specialists in keeping an orderly market--a role that's been marginalized with trading so widely dispersed.
The primary responsibility of a market maker is to maintain an orderly market by matching buyers and sellers of a security and to stand ready to buy or sell for their own account when there is a price imbalance.
While trading resumed in an orderly fashion, the market was not immune to the impact on the region.
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Yet I know from visiting farmers, many in great financial distress, that we need an orderly transition to a market-oriented farm economy.
Gone are the days when the government doled out licences, technology and contracts in an orderly fashion to stop market forces from weeding out the stragglers.
U.S. corporate bonds also declined sharply, though in a more orderly fashion than the stock market.
The Fed stepped in to the Bear imbroglio "only because no other tools were available" to ensure its orderly liquidation in a fragile market, Bernanke said.
Traders, investors and SAC executives expect the resulting sale of securities to be orderly and have little noticeable impact on the broader market, said people involved in the discussions.
The gold market has been declining in an overall orderly fashion in recent months, with a clear series of lower daily highs and lower daily lows evident on the daily chart that is the traditional definition of a downtrend.
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The pause gives the markets the opportunity to attract new trading interest in an affected stock, establish a reasonable market price, and resume trading in a fair and orderly fashion.
One of our concerns was that the infrastructures of those markets and the risk- and liquidity-management practices of market participants would not be adequate to deal in an orderly way with the collapse of a major counterparty.
Since 2003 bottom, the stock market has had tremendous volatility, he said, whereas the gold price has had a relatively orderly, linear advance that has shown no signs of excess.
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