Asked by Felicia Rioza on Apr 29, 2024
Verified
Level 3 NASDAQ subscribers ________.
A) are registered market makers
B) can post bid and ask prices
C) have the fastest execution of trades
D) all of these options
Level 3 NASDAQ
The highest level of NASDAQ's trading information system that provides real-time access to the order book for NASDAQ stocks, allowing for the viewing of the best bid and ask prices and other detailed data.
Registered Market Makers
Entities authorized to both buy and sell specified securities on a continuous basis to maintain liquidity in the financial markets.
- Identify the distinctions among electronic, dealer, brokered, and direct search markets, along with their mechanisms of operation.
Verified Answer
RA
Riley AndeltApr 29, 2024
Final Answer :
D
Explanation :
Level 3 NASDAQ subscribers are registered market makers who can post bid and ask prices and have access to the fastest execution of trades. Therefore, option D - all of these options - is the correct answer.
Learning Objectives
- Identify the distinctions among electronic, dealer, brokered, and direct search markets, along with their mechanisms of operation.
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