Series 24: Supplemental Liquidity Provider (SLP)

Taken from our Series 24 - FINRA General Principal Qualification Examination

Definition of the term Supplemental Liquidity Provider (SLP)...

a new class of market maker that competes with designated market makers on the NYSE. SLPs must trade from offices outside the NYSE using computers, with the purpose of providing greater liquidity to securities traded on the NYSE.

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