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Prices
Trading Floor Status
Traders Rules
Public Orders
Specialist vs. Order Book Official
Specialist
Dealer vs. Broker
Market Maker vs. Specialist-1
Market Maker vs. Specialist-1
Competing Market Maker System

Not all trading floors are organized the same way: On some exchanges, the roles participants may assume are narrowly defined, while on other exchanges participants can change their function at will. Knowing different kinds of trading procedures helps to see the trading system used in one specific exchange in the right perspective.