specialist unit

specialist unit definition - business

specialist unit

A group of people or firms acting together to maintain an orderly market in securities assigned by an exchange. Specialist units may act as agent or as principal in executing trades on the floor of the exchange. Also called unit.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.