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The firms help make markets in bonds and derivatives.
But to make markets in products, Goldman stockpiles inventory in anticipation of client orders.
To make markets in shares and bonds, traders must own some investments themselves.
One was to make markets in air pollution rights in place of limits, taxes, and fines on individual producers.
Hambrecht will continue to make markets in stocks it has taken public or that its research analysts cover, she said.
Besides gas and power, Enron uses the online system to make markets in commodities like pulp and paper.
Similar(30)
Although Enron made markets in it, fibre-optic backbone is not really a fungible commodity.
Mr. Silbert, who started SecondMarket in 2004, has built a business making markets in risky, inaccessible investments.
The New York exchange stood out because it still allowed humans — its specialists who made markets in stocks — to halt trading.
Even the profits to be made on making markets in more obscure emerging-market currencies, where spreads were once wider, have evaporated.
It bought and sold contracts on gas and electricity, among other things, and made markets in financial derivatives related to the energy markets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com