An example of a fourth market crossing system is
A) POSIT.
B) NASDAQ.
C) SEC.
D) NASD.

Question

Quizplus · Accepted Answer

POSIT is an example of a fourth market crossing system, which is a platform for trading securities among institutional investors without intermediaries such as a broker-dealer. NASDAQ is an example of a third market system, which is a platform for trading securities among broker-dealers, and SEC and NASD are regulatory bodies related to the securities industry.

An Example of a Fourth Market Crossing System Is