The NASDAQ Market (NMS)

The NASDAQ Market (NMS) - 4-1The NASDAQ Market...

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Unformatted text preview: 4-1The 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 market4-2The 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 NASDAQ4-3The 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 NMS4-4...
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This note was uploaded on 01/24/2012 for the course FIN 4360 taught by Professor Davidbray during the Spring '12 term at Kennesaw.

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The NASDAQ Market (NMS) - 4-1The NASDAQ Market...

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