Which one of the following statements applies to NASDAQ?
A) Composed of four separate markets
B) Exchange floor located in Chicago
C) Provides two levels of information access
D) Designated market maker system
E) Multiple market maker system

Question

Quizplus · Accepted Answer

NASDAQ is a multiple market maker system where there are multiple market makers competing with each other to buy and sell securities, unlike the designated market maker system used by the New York Stock Exchange (NYSE). NASDAQ is not composed of four separate markets, does not have an exchange floor located in Chicago, and does provide more than two levels of information access.

Which One of the Following Statements Applies to NASDAQ