Question
What NASDAQ stand for?
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8th Nov 2009 by Joseph Pousada
The acronym stands for “National Association of Securities Dealers Automated Quotation system”. There are three levels of service in this system. The first which is normally seen by investors is Level one which will show the inside market. This is a negotiated market and will have multiple market makers with the best bid and ask price making the inside market. The best bid price would be the highest price quoted for selling a stock and the best ask price would be the lowest price quoted for buying a stock. The second level service would list all bid and ask prices from the different market makers. Some brokerage companies will provide this level two service to their clients. This would be of special interest to a trader or person who wishes to purchase or sell a large block of stock to see how far away the other bids are from the inside market. If you have such a large order, talk to your broker and go over all the different options in placing the order available to you. The third level service is only available to the market makers as it will allow them to enter in bid and ask prices.
Reference:
http://www.nasdaq.com/
The acronym stands for “National Association of Securities Dealers Automated Quotation system”. There are three levels of service in this system. The first which is normally seen by investors is Level one which will show the inside market. This is a negotiated market and will have multiple market makers with the best bid and ask price making the inside market. The best bid price would be the highest price quoted for selling a stock and the best ask price would be the lowest price quoted for buying a stock. The second level service would list all bid and ask prices from the different market makers. Some brokerage companies will provide this level two service to their clients. This would be of special interest to a trader or person who wishes to purchase or sell a large block of stock to see how far away the other bids are from the inside market. If you have such a large order, talk to your broker and go over all the different options in placing the order available to you. The third level service is only available to the market makers as it will allow them to enter in bid and ask prices.
Reference:
http://www.nasdaq.com/
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4th Nov 2009 In Investing
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