Liquidity is moving off the floor at a rapid rate, and NASDAQ is trading greater volumes of NYSE-listed stocks than ever before. In May 2007, 15.7% of total consolidated volume was executed on NASDAQ systems and NASDAQ Execution Services — NASDAQ’s broker-dealer — was once again #1 on the NYSE, routing more share volume to the NYSE floor than any other NYSE member. This is not surprising since NASDAQ's trading systems are the faster, more efficient, transparent, better way to trade NYSE-listed securities. Look up an individual NYSE-listed stock and find out just how much of its volume is being traded on NASDAQ by visiting the NASDAQ Market Share calculator.

In this edition of the Market Structure Bulletin, NASDAQ Chief Economist, Dr. Frank Hatheway, talks about recent market developments and what they mean for companies and investors. SEC reports and other independent data are reviewed to evaluate NASDAQ's standing in the marketplace. The analysis clearly demonstrates how NASDAQ provides superior execution quality for companies that switch to NASDAQ. In addition, Dr. Hatheway explains how recent NASDAQ market structure innovations have made NASDAQ a better market for secondary equity offerings. He also discusses the implications of NASDAQ's exchange registration for all market participants. View the bulletin. View the bulletin.

According to independent, third-party SEC mandated data, shareholders of The Charles Schwab Company and Cadence Design Systems are getting better executions on NASDAQ. Looking at the four-month averages for pre- and post-switch trading, both Schwab and Cadence have experienced increased execution speeds and tighter spreads. View the full report.

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 is updated regularly.

The NASDAQ Stock Market® is the largest U.S. electronic stock market and a powerful global brand. Of the approximately 3,200 listings on NASDAQ, 335 are non-U.S. companies from 35 countries representing all industry sectors. The NASDAQ Global PlatformSM provides companies throughout the world access to U.S. capital formation, which in turn fosters world economic growth and extends business transactions across borders and among cultures. Click here to learn more about NASDAQ's global reach and its commitment to the global economy.