Designated Market Makers

The cornerstone of the NYSE market model is the Designated Market Maker or DMM. Formerly known as “Specialists,” DMMs are the only participant to have true obligations for maintaining fair and orderly markets for their assigned securities. They operate both manually and electronically to facilitate price discovery during market openings, closings and during periods of substantial trading imbalances or instability. 

This "high touch" approach is crucial for improving prices, dampening volatility, adding liquidity and enhancing value. DMMs apply keen judgment to knowledge of dynamic trading systems, macroeconomic news and industry specific intelligence, to make their trading decisions. The DMMs are a valuable resource for our listed company community, providing regular communication, making capital commitments, maintaining market integrity, and stepping in during special situations.

Read about our DMMs in action or a fact sheet with more details on their roles and responsibilities. You can also watch a video with DMMs on our enhanced trading floor.

NYSE and NYSE MKT DMMs

NYSE DMMs

NYSE MKT DMMs

Barclays

 

Brendan E. Cryan
& Co.

Brendan E. Cryan
& Co.

 

J Streicher
& Co. LLC

KCG

J Streicher
& Co. LLC

 

Virtu Financial
Capital Markets
LLC

KCG

 

 

Virtu Financial
Capital Markets
LLC

 

 

Learn about the other sources of liquidity in the NYSE market model:
Designated Market Makers
Floor Brokers
Supplemental Liquidity Providers
Other Market Members