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National Market System Plan (NMSP)

What is 'National Market System Plan - NMSP'

A nationwide system used in the United States for the selection and reservation of securities symbols, and also for the collection, processing and distribution of quotation and transaction information for exchange-listed securities. The National Market System Plan consists of plans in which FINRA - the largest independent regulator for U.S. securities firms - participates. These are the ISRA Plan, the CTA/CQ Plans, and the OTC UTP Plan. These NMS Plans are governed by section 11A of the 1934 Securities Exchange Act.

Explaining 'National Market System Plan - NMSP'

The three NMS Plans in which FINRA participates are:

- The Intermarket Symbol Reservation Authority or ISRA Plan: this governs the establishment, operation and administration of a uniform system for the selection and reservation of one-to five-character securities symbols.

- Consolidated Tape Association/Consolidated Quotation Plan: governs the collection, processing and distribution of quotation and transaction information for exchange-listed securities, excluding those listed on the Nasdaq.

- OTC UTP Plan: governs the collection, processing and distribution of quotation and transaction information for issues listed on the Nasdaq Stock Exchange.


Further Reading


National malaria control and scaling up for impact: the Zambia experience through 2006
www.ajtmh.org [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

Shades of blue: what do competing interpretations of the Blue Economy mean for oceans governance?Shades of blue: what do competing interpretations of the Blue Economy mean for oceans governance?
www.tandfonline.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

Reducing noise pollution from commercial shipping in the Channel Islands National Marine Sanctuary: a case study in marine protected area management of …Reducing noise pollution from commercial shipping in the Channel Islands National Marine Sanctuary: a case study in marine protected area management of …
www.tandfonline.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

Burma's economic performance under military rule: an assessmentBurma's economic performance under military rule: an assessment
online.ucpress.edu [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

Myanmar: From army rule to constitutional rule?Myanmar: From army rule to constitutional rule?
www.tandfonline.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

Managing systemic and disruptive innovation: lessons from the Renault Zero Emission InitiativeManaging systemic and disruptive innovation: lessons from the Renault Zero Emission Initiative
academic.oup.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

National malaria vector control policy: an analysis of the decision to scale-up larviciding in NigeriaNational malaria vector control policy: an analysis of the decision to scale-up larviciding in Nigeria
academic.oup.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …

The New Business of Nanotechnology: Exploring Commercial Opportunities and RisksThe New Business of Nanotechnology: Exploring Commercial Opportunities and Risks
www.tandfonline.com [PDF]
… were pri- oritized and introduced through the private sector, social marketing with subsidized … mechanism for implementation, and one monitoring and evaluation system) a program … of the RBM partnership, sound control plans were developed, national program capacity was built …



Q&A About National Market System Plan (NMSP)


What does CTACQ plan govern?

The CTACQ plans govern the collection, processing and distribution of quotation and transaction information for exchange-listed securities excluding those listed on Nasdaq.

What does OTC UTP plan govern?

The OTC UTP plan governs the collection, processing and distribution of quotation and transaction information for issues listed on Nasdaq Stock Exchange.

What is the National Market System Plan?

The National Market System Plan consists of plans in which FINRA participates. These are the ISRA Plan, CTACQ Plans, and OTC UTP Plan.

What does the ISRA plan govern?

The ISRA plan governs the selection and reservation of securities symbols as well as collection, processing and distribution of quotation and transaction information for exchange-listed securities.

How is this article organized?

This article is organized into three sections; each section discusses a different NMS plan in which FINRA participates.

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