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LogoutTo execute deals, brokers collaborate with approved market makers to represent the interests of financial institutions, pension funds, and other organizations participating in the market. DMMs are placed in the heart of the NYSE trading floor, whereas floor brokers are stationed on the peripheral.
The trade information that a DMM has access to is one of the more significant differences from the specialized job that the DMM replaced. Designated market makers (DMMs) do not have access to information on who has purchased or sold an asset until after the deal has been completed, which means they do not have inside knowledge and are exposed to the same risks as other market players. As a result, the playing field is leveled.