BROWSE

National Market System (NMS)

What is a 'National Market System - NMS'

A national market system (NMS) is a system with two main functions:

1. To facilitate trading of OTC stocks whose size, profitability, and trading activity meet specific criteria.

2. To post prices for securities on the NYSE and other regional exchanges simultaneously, allowing investors to obtain the best price.

Explaining 'National Market System - NMS'

The National Market System is sponsored by both the NASD and the Nasdaq. Compared to other OTC stocks, OTC stocks trading under the NMS system have a more comprehensive listing within newspapers.


Further Reading


Marketplace organization and marketability: NASDAQ, the stock exchange, and the national market system
www.jstor.org [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Post-trade transparency on Nasdaq's national market systemPost-trade transparency on Nasdaq's national market system
www.sciencedirect.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Empirical evidence on the effects of delisting from the national market systemEmpirical evidence on the effects of delisting from the national market system
link.springer.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

The Effect on Spread and Volume of Switching to the NASDAQ National Market SystemThe Effect on Spread and Volume of Switching to the NASDAQ National Market System
www.tandfonline.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Restructuring the Stock Markets: A Critical Look at the SEC's National Market SystemRestructuring the Stock Markets: A Critical Look at the SEC's National Market System
heinonline.org [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Cyber Security in the National Market SystemCyber Security in the National Market System
heinonline.org [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Bid-ask spreads around earnings announcements: Evidence from the Nasdaq National Market SystemBid-ask spreads around earnings announcements: Evidence from the Nasdaq National Market System
papers.ssrn.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Testing for liquidity gains in the market reaction to NASDAQ national market system phase-insTesting for liquidity gains in the market reaction to NASDAQ national market system phase-ins
www.jstor.org [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

Monthly Regularities in the OTC National Market SystemMonthly Regularities in the OTC National Market System
www.tandfonline.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …

The national market systemThe national market system
www.tandfonline.com [PDF]
… marketplaces3 that transact NYSE-listed stocks be the components of a National Market System (NMS).4 The … Prior to NASDAQ, OTC dealers followed the market by telephone and by the daily … Since a network of interaction would preexist, however, a system like NASDAQ or the …


Leave a Reply

Your email address will not be published. Required fields are marked *