Finra Exam Series-6 Topic 9 Question 3 Discussion

All of the choices listed are duties of the specialist on an exchange floor. The specialist maintains a limit order ''book'' and executes those orders if/when the limit price is reached. The specialist is also charged with maintaining a fair and orderly market in the assigned securities, which means trading on his own account to ensure that the supply and demand of the stock's shares match. Additionally, the specialist is responsible for setting the opening price for the assigned stock each day and for serving as the auctioneer for the shares of the stock.