The NASDAQ Market (NMS)

The NASDAQ Market (NMS) - The NASDAQ Market(NMS...

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4-1 The NASDAQ Market (NMS) Historically known as the over-the-counter market Largest segment of the U.S. secondary market in terms of number of issues It is a dealer market and trades electronically Lenient requirements for listing on the NASDAQ NMS More than 2800 issues are actively traded on the NASDAQ NMS and almost 700 on the NASDAQ Small-Cap Market (SCM) Any stock can be traded on the NASDAQ market as long as there are dealers willing to make a market
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4-2 The NASDAQ System Automated electronic quotation system Dealers may elect to make markets in stocks All dealer quotes are available immediately Three levels of quotations provided Level 1 provides a single median representative quote for the stocks on NASDAQ
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4-3 The NASDAQ System Listing Requirements Two Lists National Market System (NMS) Regular NASDAQ A company must meet all of the requirements under at least one of the three listing standards for initial listing and then meet at least one continued listing standard to maintain its listing on the NMS
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