A "market maker"
is a firm that stands ready to buy or sell a particular stock on a regular basis at a publicly
quoted price. Most often market making is referred to when speaking about a NASDAQ or
other "over the counter" (OTC) stock. With the advent of technology many market making
programs have been introduced with trading systems replacing people. Today firms use the
market maker to trade and manage their trading systems. Many NASDAQ, OTC Bulletin Board,
and Pink Sheet stocks have more than one market maker.
Market makers generally must be ready to buy and sell at least 100 shares of a stock they are trading. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices.
The market Maker accepts the risk of holding a certain number of shares of a particular stock in order to facilitate trading in that stock. Each market maker competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares. Once an order is received, the market maker immediately sells from its own inventory or seeks an offsetting order. This process takes place in mere seconds.
Our Market Maker
Our NASDAQ trading operation has market making abilities. Our market maker ID on the
NASDAQ market making system is (KENS). Our experienced market making team tries to provide
our clients with a live view and feel of the markets we trade, driving our clients
Our Market Maker is attuned to the pulse of the market, dedicated to confidentiality and committed to delivering the best pricing on either side of the transaction. By staying on top of the transaction and delivering consistent service, our market making team has earned the trust of the marketplace... a trust maintained through performance.
For more information about Market Maker.