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What does market maker mean?

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market maker
(MM)
Noun


An intermediary in retail and/or wholesale financial markets that buys and sells for its own account a normal trading unit of a particular asset at the publicly quoted bid and asked price on a regular and continuous basis.

Synonym(s): 
  • market-making dealer.
Comment: 
The NASDAQ and OTC bond, currency and derivatives markets are market maker markets.
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