stock also? How do I buy stock in the specialist trading companies?
2007-02-23 06:24:49 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
The 7 specialists firms at the NYSE are:
Bear Wagner Specialist LLC.
Fleet Specialist, Inc.
LaBranche & Co., LLC.
Performance Specialist Group, LLC.
Spear, Leeds & Kellogg Specialists LLC.
SIG Specialists, Inc.
Van der Moolen Specialists USA, LLC.
In my opinion, as computers are taking over some of the trading functions of the NYSE as it tries to become a 21st century exchange, these firms won't make very good investments.
2007-02-23 07:15:18 · answer #1 · answered by gosh137 6 · 0⤊ 0⤋
The specialists are privately-owned firms that represent no one but themselves. Their mandate is to provide an orderly market - i.e., to balance buy/sell orders by making purchases for/sales from their own accounts. Since they possess knowledge of unfilled orders, they are able to monitor likely trends in the movements of the stocks they deal with, and act accordingly. You cannot buy stock in a specialist, as you can for a listed corporation.
2007-02-23 15:31:01 · answer #2 · answered by jerrold 3 · 0⤊ 0⤋
You can not buy stock in a specialist company. They are privately held. BUT, you can buy stock in GS, MS, LEH, and MER. They all trade for their own accounts and make billions in the process. They are all money machines. My favorite is GS. Trades at 216.50 a share. PE is only 11. Can you imagine?
2007-02-23 16:28:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋