Series 14 Ch. 2

Nasdaq Global Select Market

a list of blue chip companies that meet its highest listing reqs

Nasdaq Global Market

a list of blue chip compies that meet high list reqs

Nasdaq Capital Market

group of smaller, less capitalized companies

a listed company must have

a min. share price, min number of market makers, min market capitalization, and a min number of shares and shareholders

third market involves trading between

large institutional investors and BDs

the third market is also called

intermarket

third market trades must be reported to the consolidated tape within

10 seconds of execution

fourth market transactions are between

two institutional investors

price order

an order to execute a transaction at a specified price or better

time order

an order to buy or sell by a specified time, after which is canceled or converted or a marker or limit orde

a person or corp that trades on Nasdaq is called a

market center participant

Stand by to buy or sell shares of a company’s inventory

created continuous trading environment 

required to display continuous 2-sided quotations in all stocks they have a market in

market maker

agency traders that route orders to the market center for execution against displayed orders and quotations

Order Entry Firms