Nasdaq Intermarket

AAA

DEFINITION of 'Nasdaq Intermarket'

An electronic marketplace where National Association of Securities Dealer (NASD) members could execute trades, communicate, and receive quotations on stocks listed on the New York Stock Exchange (NYSE) and the American Stock Exchange (Amex). Formerly known as "Nasdaq's third market", Nasdaq Intermarket used Nasdaq's Computer Assisted Execution System (CAES) to connect buy and/or sell orders. Nasdaq announced its intentions to withdraw from the Intermarket Trading system in 2005.

INVESTOPEDIA EXPLAINS 'Nasdaq Intermarket'

Nasdaq Intermarket competed for retail stock orders with regional exchanges such as the Chicago Stock Exchange (CHX) and the Boston Stock Exchange (BSE). By connecting several stock exchanges, the intermarket system gave traders access to additional buyers and/or sellers, increasing liquidity and competition.

RELATED TERMS
  1. Nasdaq

    A global electronic marketplace for buying and selling securities, ...
  2. Liquid Market

    A market with many bid and ask offers, low spreads and low volatility. ...
  3. National Association Of Securities ...

    The NASD was a self-regulatory organization of the securities ...
  4. Nasdaq National Market Securities ...

    The Nasdaq National Market consists of over 3000 companies that ...
  5. Regional Stock Exchange

    A place outside of a country's primary financial center where ...
  6. Bidder

    The party offering to buy an asset from a seller at a specific ...
Related Articles
  1. Getting To Know The Stock Exchanges
    Options & Futures

    Getting To Know The Stock Exchanges

  2. The NYSE And Nasdaq: How They Work
    Options & Futures

    The NYSE And Nasdaq: How They Work

  3. Can stocks be traded on more than one ...
    Investing

    Can stocks be traded on more than one ...

  4. Electronic Trading Tutorial
    Retirement

    Electronic Trading Tutorial

comments powered by Disqus
Hot Definitions
  1. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  2. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  3. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
  4. Odious Debt

    Money borrowed by one country from another country and then misappropriated by national rulers. A nation's debt becomes odious ...
  5. Takeover

    A corporate action where an acquiring company makes a bid for an acquiree. If the target company is publicly traded, the ...
  6. Harvest Strategy

    A strategy in which investment in a particular line of business is reduced or eliminated because the revenue brought in by ...
Trading Center