NASDAQ subscriber levels
A) permit those with the highest level, 3, to "make a market" in the security.
B) permit those with a level 2 subscription to receive all bid and ask quotes but not to enter their own quotes.
C) permit level 1 subscribers to receive general information about prices.
D) include all OTC stocks.
E) permit those with the highest level, 3, to "make a market" in the security; permit those with a level 2 subscription to receive all bid and ask quotes but not to enter their own quotes; and permit level 1 subscribers to receive general information about prices.

Question

Quizplus · Accepted Answer

E is correct because it accurately describes the functionalities associated with each NASDAQ subscriber level: Level 3 subscribers can make a market, Level 2 subscribers can see all bid and ask quotes without entering their own, and Level 1 subscribers receive general price information.

NASDAQ Subscriber Levels