Market Maker A securities firm that quotes bid and asked prices and maintains inventory in particular shares in the over-the-counter market. A market maker must generally be willing to buy at least 100 shares at its quoted bid price and sell at least 100 shares at its quoted asked price. Or, a broker-dealer who has indicated that they will make a market in the shares of a specific company. The indication does not necessarily mean the broker-dealer will make a market in the company's shares. In theory, a market maker is a wholesaler of the company's shares. You must have at least three market makers to list your shares on the Bulletin Board. You must have at least five market makers to list your shares on NASDAQ.
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