NASDAQ:
A)has a single trading floor located in Chicago,Illinois.
B)has multiple trading floors.
C)is a designated market maker system.
D)has a multiple market maker system.
E)is closed to all electronic communications networks (ECNs).

Question

Quizplus · Accepted Answer

NASDAQ has a multiple market maker system, meaning that there are many firms who serve as market makers for the stocks listed on the exchange. These market makers are responsible for maintaining an orderly market and providing liquidity to traders. There is no single trading floor for NASDAQ; rather, trading takes place electronically using a network of computers and communication links. While there are physical locations for some NASDAQ offices and data centers, the exchange is not limited to a specific geographic area.