Davis frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and sell the stocks of Ossani & Gautier, an automobile manufacturing company that is listed on the exchange. He competes for customer order flow by quoting the bid price and the ask price for a number of shares. The information given in the scenario indicates that Davis is a(n) _____.
a market maker
b proprietary trader
c floor broker
d accredited investor
Answer: b. Proprietary Trader
Davis trades as a proprietary Trader since he trades with a sole objective of making profit. He doing a technical analysis trading and not According to fundamental.
Davis frequently trades on the NASDAQ exchange. He has made a commitment to constantly buy and...