Nicole Petallides
Nicole Petallides
Nicole Petallides joined FOX Business Network in September 2007 as an anchor.
Prior to joining FOX, she was an anchor at Bloomberg Television where she reported from the New York Stock Exchange for the nationally syndicated shows, Bloomberg Business Report and Bloomberg Market Update. While at Bloomberg, Petallides also covered weekend news and served as a business news anchor for CW11's WPIX morning news program in New York.
Before joining Bloomberg, Petallides served as an assistant producer for CNBC, where she produced daily floor reports from the NYSE. Prior to CNBC, she was a segment producer for Dow Jones Television's The Wall Street Journal Report with Consuelo Mack and international programs Asian Business News and European Business News. Petallides has also contributed to FOX affiliate WNYW's morning show Good Day New York, NY1 News, CNN and News 12 Long Island.
A New York City native, she graduated from American University.
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A specialist is a member of a stock exchange who works as an auctioneer for a specific stock and/or stocks. It can be an individual, partnership, corporation or group of firms.
The specialist works to maintain a "fair and orderly market" for respective stocks, matching up buyers and sellers by displaying the best "bid" and "ask" prices at its trading post. If buys are not equal to sells, the specialist evens the scale by buying or selling shares, accordingly. However, they cannot make their own transactions until all investor orders have been placed.
Gauging supply and demand, the specialist sets an opening price for the stocks in its domain. If a price has not been set by the time the market opens, the specialist can delay that particular stock's opening.
Specialists make money off the "spread," which is the difference between bid and ask prices on orders.
