When a bank ACTS as a marketmaker, it needs to keep an inventory of bonds and stocks so that it can deal with clients' demands to buy and sell.
当银行以市商身份经营时,它必须保持债券和股票的一种存货以便能够及时应对顾客买卖的需求。
Mr Blankfein rose to the top arguing that wearing lots of hats-underwriter, adviser, marketmaker, investor-could be a competitive advantage if the firm managed its potential conflicts carefully.