Questions: Multiple Choice Question Which of these terms best describes the trading process used by NASDAQ? Multiple market maker system Broker system Specialist system Face-to-face trading

Multiple Choice Question Which of these terms best describes the trading process used by NASDAQ? Multiple market maker system Broker system Specialist system Face-to-face trading
Transcript text: Multiple Choice Question Which of these terms best describes the trading process used by NASDAQ? Multiple market maker system Broker system Specialist system Face-to-face trading
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Solution

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The answer is the first one: Multiple market maker system.

Explanation for each option:

  • Multiple market maker system: Correct. NASDAQ operates using a multiple market maker system where numerous market makers compete to provide the best bid and ask prices for securities. This system enhances liquidity and ensures competitive pricing.
  • Broker system: Incorrect. While brokers are involved in trading on NASDAQ, the primary trading process is facilitated by market makers rather than a broker system.
  • Specialist system: Incorrect. The specialist system is used by the New York Stock Exchange (NYSE), where a single specialist is responsible for managing the trading of a particular stock.
  • Face-to-face trading: Incorrect. NASDAQ is an electronic exchange, and trading is conducted electronically rather than through face-to-face interactions.

Summary: The trading process used by NASDAQ is best described as a multiple market maker system.

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