SIE Exam Question 538: Answer and Explanation

Question: 538

Which of the following are responsible for maintaining fair and orderly markets for an assigned set of listed firms? They operate both manually and electronically to facilitate price discovery during market opens, closes, and during periods of trading imbalances and instability.

• A. Certified Exchange Specialists
• B. Designated Market Makers
• C. Registered Floor Brokers
• D. Supplemental Liquidity Providers

Correct Answer: B

Explanation:

Designated Market Makers are responsible for maintaining fair and orderly markets for an assigned set of listed firms. They operate both manually and electronically to facilitate price discovery during market opens, closes, and during periods of trading imbalances and instability.