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10 Cards in this Set
- Front
- Back
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NASDAQ |
-classified as an electronic exchange -even though it lacks a trading floor |
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OTC Equities (non-exchange traded) |
-not listed on a physical or electronic exchange -OTCBB and Pink Sheets are examples -some corp. bonds, US govt bonds, derivatives
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Market Center |
-a place where orders are sent for execution -examples are the NYSE and NASDAQ |
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Stop (loss) order |
-becomes a market order once price is activated |
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Stop-Limit Order |
-becomes a limit order once activated |
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NYSE Listing Requirements |
-market value of a stock -minimum number of shareholders -average monthly trading volume -minimum pre-tax earnings for the latest fiscal year |
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NYSE Specialist (DMM or Designated Market Maker) |
-maintaining liquidity and a fair and orderly market -resolving trade imbalances -can act as agent or principal -cannot compete with public orders -can stop stock for a public order but not for his own account |
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Quote types |
Info purposes only; MM is not committing -subject: subject to confirmation; not firm -workout quote: previous interest from parties but must be confirmed |
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Nasdaq Market Center Execution system |
-electronic, automated order quotation system -trades Nasdaq and other exchange listed -No OTCBB |
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OTC Securites |
-not listed or traded on NYSE or NASDAQ -ADRs, DPPs, warrants, etc. -quotes from OTCBB and Pink Sheets |
