Interdealer Quotation System


DEFINITION of 'Interdealer Quotation System'

The exchange system comprised of the Nasdaq (National Association of Securities Dealers Automatic Quotation), Nasdaq small-cap market and the Over-the-Counter Bulletin Board (OTCBB) exchange platforms.

BREAKING DOWN 'Interdealer Quotation System'

The Interdealer Quotation System gives investors access to literally thousands of publicly traded companies, from mega-cap names such as Microsoft right down to the smallest of the small-cap stocks.

  1. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  2. Listed Security

    A financial instrument that is traded through an exchange, such ...
  3. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context ...
  4. Over-The-Counter Bulletin Board ...

    A regulated electronic trading service offered by the National ...
  5. National Association Of Securities ...

    The NASD was a self-regulatory organization of the securities ...
  6. Market Capitalization

    The total dollar market value of all of a company's outstanding ...
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  1. Why would a corporation issue convertible bonds?

    A convertible bond represents a hybrid security that has bond and equity features; this type of bond allows the conversion ... Read Full Answer >>
  2. What is the difference between the equity market and the stock market?

    The terms "equity market" and "stock market" are synonymous, both referring to the equity interests in publicly held companies, ... Read Full Answer >>
  3. What is the difference between shares outstanding and floating stock?

    Shares outstanding and floating stock are different measures of the shares of a particular stock. Shares outstanding is the ... Read Full Answer >>
  4. What are the advantages and disadvantages of listing on the Nasdaq versus other stock ...

    The primary advantages for a company of listing on the Nasdaq exchange are lower listing fees and lower minimum requirements ... Read Full Answer >>
  5. What is the difference between market risk premium and equity risk premium?

    The only meaningful difference between market-risk premium and equity-risk premium is scope. Both terms refer to the same ... Read Full Answer >>
  6. What is the difference between the QQQ ETF and other indexes?

    QQQ, previously QQQQ, is unlike indexes because it is an exchange-traded fund (ETF) that tracks the Nasdaq 100 Index. The ... Read Full Answer >>

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