NASDAQ's competitive electronic market structure is designed to provide a fair, fast, efficient and low- cost marketplace for companies and investors. The information provided here is a snapshot of key performance benchmarks, which underscore NASDAQ's superior market quality. This data will be updated periodically.

On this page: Market Share NASDAQ Listings Execution Speed Costs and Spreads NASDAQ Execution Certainty Glossary of Terms

Market Share

NASDAQ is the primary market for trading NASDAQ-listed stocks.

Share Volume, Trade Volume, and Dollar Volume ²

NASDAQ Listings
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, and with over 3,900 companies, it is number one in worldwide listings among major markets. NASDAQ OMX Group offers multiple capital raising solutions to companies around the globe, including its U.S. listings market (The NASDAQ Stock Market); the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and ETFs.

NASDAQ Trade Execution Speed
On average, orders in NASDAQ-listed stocks receive faster executions than orders in comparable NYSE-listed stocks.

NASDAQ Trading Cost and Spreads
Average effective spreads for NASDAQ-listed stocks are better than their NYSE-listed comparables. Lower effective spreads mean lower trading costs for investors.

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NASDAQ Execution Certainty
Faster executions reduce investor uncertainty and decrease the likelihood of the market moving away from the investor’s price.

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¹Source: Thomson Transaction Analytics. Rule 605 October 2007 data.
Note: Excludes regional exchanges and the Nasdaq trading of NYSE securities. The data includes only securities in the S&P 500 Index.

2 FINRA is a trademark of the Financial Industry Regulatory Authority, Inc. and is used under license from Financial Industry Regulatory Authority, Inc.

Includes marketable orders of all sizes under 10,000 executed shares.
Averages are share weighted by shares executed. Rule 605 statistics only apply to market or limit orders received and executed by a market center during regular trading hours. They exclude orders that require special handling such as orders executed at market open or close, stop orders, orders to execute at full size, orders to be executed on a particular bid or tick, "not held" orders, orders for other than regular settlement, and orders to be executed at prices unrelated to the market price.

The number of trading days in each period takes account of U.S. market holidays and any other U.S. market closings. NASDAQ does not undertake any duty to correct or update the information provided. In order to use data more consistent with the separation of the Securities Information Processor (SIP) function from The Nasdaq Stock Market, Inc., in July 2002 the methodology for calculating systems market share of volume and trades was adjusted. As a result, information on volume market share and trade market share provided here may not be comparable to such data previously provided by NASDAQ for prior periods. This data is for information purposes only and is not intended as an offer or solicitation with respect to the purchase or sale of any security. For complete information about legal disclaimers, limitations of liability and other disclosure related to the data contained on this page, see our disclaimer .

NASDAQ^® and The NASDAQ Stock Market^® are registered trademarks and The NASDAQ Market Center^SM is a service mark of The NASDAQ OMX Group, Inc.

Last updated: 04/29/2008

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