Registered Competitive Market Maker - Identifies New York Stock Exchange (NYSE) floor members with a specific NYSE-imposed obligation to enhance the quality of NYSE markets by injecting their own or their firms" capital into difficult market-making situations. At the request of an Exchange official, an RCMM must make a bid or offer that narrows an existing quote spread or improves its depth. An RCMM may also be asked to assist a commission broker or floor broker in executing a customer"s otherwise unexecutable order.
Registered Competitive Market Maker : identifies new york stock exchange (nyse) floor members with a specific nyse-imposed obligation to enhance the quality of nyse markets by injecting their own or their firms" capital into difficult market-making situations. at the request of an exchange official, an rcmm must make a bid or offer that narrows an existing quote spread or improves its depth. an rcmm may also be asked to assist a commission broker or floor broker in executing a customer"s otherwise unexecutable order.
Registered Competitive Market Maker