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Nasdaq Intermarket

What is 'Nasdaq Intermarket'

An electronic marketplace where National Association of Securities Dealer (NASD) members could execute trades, communicate, and receive quotations on stocks listed on the New York Stock Exchange (NYSE) and the American Stock Exchange (Amex). Formerly known as "Nasdaq's third market", Nasdaq Intermarket used Nasdaq's Computer Assisted Execution System (CAES) to connect buy and/or sell orders. Nasdaq announced its intentions to withdraw from the Intermarket Trading system in 2005.

Explaining 'Nasdaq Intermarket'

Nasdaq Intermarket competed for retail stock orders with regional exchanges such as the Chicago Stock Exchange (CHX) and the Boston Stock Exchange (BSE). By connecting several stock exchanges, the intermarket system gave traders access to additional buyers and/or sellers, increasing liquidity and competition.


Further Reading


Locked and crossed markets on NASDAQ and the NYSE
www.sciencedirect.com [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Trade execution costs on Nasdaq and the NYSE: A post-reform comparisonTrade execution costs on Nasdaq and the NYSE: A post-reform comparison
www.cambridge.org [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Dealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSEDealer versus auction markets: A paired comparison of execution costs on NASDAQ and the NYSE
www.sciencedirect.com [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Cubes to quads: The move of QQQ from AMEX to NASDAQCubes to quads: The move of QQQ from AMEX to NASDAQ
www.sciencedirect.com [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Policy Watch: Did Nasdaq Market Makers Implicitly Collude?Policy Watch: Did Nasdaq Market Makers Implicitly Collude?
www.aeaweb.org [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Trading Volume: NASDAQ and the NYSETrading Volume: NASDAQ and the NYSE
www.tandfonline.com [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

On nasdaq order book dynamics: New problems for the control fieldOn nasdaq order book dynamics: New problems for the control field
ieeexplore.ieee.org [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …

Competition on the Nasdaq and the growth of electronic communication networksCompetition on the Nasdaq and the growth of electronic communication networks
www.sciencedirect.com [PDF]
… In the NYSE sub-sample, intensity of initiations is similar to that in the NASDAQ sub-sample — neither venue can be identified as a particularly active … At the time of our study, the Intermarket Trading System (ITS) rules indicate that NYSE inter-market participants are not …



Q&A About Nasdaq Intermarket


How many people work there?

More than 10,000 people work there.

How much money does it make per year?

In 2011 they made $1 billion dollars profit on revenue of $3 billion dollars (USD). They have not yet released their 2012 numbers but are expected to be similar or higher as they have seen an increase in trading volume since then while maintaining their low cost structure and high profitability compared to other exchanges such as the NYSE Euronext which had a net loss in 2012 despite having higher revenues than NASDAQ OMX Group Inc..

What is Nasdaq Intermarket?

An electronic marketplace where National Association of Securities Dealer (NASD) members could execute trades, communicate, and receive quotations on stocks listed on the New York Stock Exchange (NYSE) and the American Stock Exchange (Amex). Formerly known as "Nasdaq's third market", Nasdaq Intermarket used Nasdaq's Computer Assisted Execution System (CAES) to connect buy andor sell orders. Nasdaq announced its intentions to withdraw from the Intermarket Trading system in 25.

What is the Nasdaq Intermarket?

The Nasdaq Intermarket is an American stock exchange based in New York City. It is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the NYSE.

What was Nasdaq Intermarket formerly known as?

"Nasdaq's third market".

Is it profitable?

Yes, it has been profitable since 2010 after being unprofitable from 2006 to 2009 due to legal fees associated with its merger with Archipelago Holdings during that time period.

Why was this paragraph written about NASDAQ instead of another company like Apple or Microsoft or Google etc.?

This paragraph was written about NASDAQ because I wanted to write something short about them without writing too much detail

What does NASDAQ stand for?

National Association of Securities Dealers Automated Quotations system.

What does NASDAQ do?

It provides real-time trade execution services and transaction processing for more than 3,500 listed companies with a market value of over $7 trillion and approximately 425 corporate clients representing more than 50 countries.

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