Quote Originally Posted by Benny1 View Post
Thanks for your replys blackcap and icyfire.
I haven't actually heard of market makers before! I'll do a bit of research into them...
Like you icyfire I think etf's will continue to grow in NZ and as we can contribute hopefully for the next 15-20 years I think they are a good nest-egg for later years.
HI Benny1, marketmakers are contracted by the NZX or whoever is providing the security to ensure that there is an active buyer and seller in the market so that liquidity exists so ppl are comfortable holding the security. Their reward is that they can make money on the spread.