Stock Market Exchange
Nasdaq Stock Market
A trusted pillar of capital markets and innovation - providing U.S. equities markets liquidity, resiliency and transparency to propel investment ideas into fruition.
The Nasdaq Stock Market Overview
A trusted pillar of capital markets and innovation - providing U.S. equities markets liquidity, resiliency and transparency to propel investment ideas into fruition.
Solutions designed with the imperative to address evolving investor and issuer needs while elevating the trading experience for all market participants through a comprehensive suite of functionalities, order types and price discovery methods.
As the largest U.S. equities exchange venue by market share, Nasdaq’s investments in technology and infrastructure ensure stability and resiliency through various stages of the market, bringing together buyers and sellers when they are needed most. Built with technology designed and tested for all market environments.
Key Information
Core Features of Nasdaq Stock Market
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Nasdaq features a price/time priority model where the execution logic is fair and transparent for all market participants.
All displayed limit orders are treated equally and executed in the order in which they were received at the same price. Non-displayed shares are executed after displayed shares in the order in which they were received at that price.
Nasdaq offers popular orders and functionality such as Minimum Quantity, Mid-Point Peg and Post Only orders, Self Match Prevention and Order Modify functionality, a robust suite of innovative routing strategies and our award-winning opening and closing crosses.
Nasdaq's equity order types are designed to help members comply with regulation and execute a range of trading strategies. To understand the available order types, view the Order Types Guide
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Through our primary data center, firms can connect to all eight of Nasdaq's U.S. markets.
Nasdaq also offers customers the ability to connect to our markets from key financial data centers outside our Carteret facility through our Point of Presence Service. Explore all of the options and protocols available for Nasdaq in Connectivity (Link)
The following connectivity options/protocols are available for accessing Nasdaq:
To order ports, please email the completed Nasdaq Port Request Form to Subscriber@nasdaq.com. For questions, contact Nasdaq Subscriber Services with questions at +1 212 231 5180.
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Focused on creating innovative data products that provide unsurpassed market transparency to institutional, retail and individual investors. Product offerings include real-time data feeds, web-based reports and plug-and-play technology for instant access to market data.
Nasdaq Equities Market Data Solutions
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Access the latest Trading and Connectivity Resources, Nasdaq Trader Factsheets & Guides and Regulatory Resources.
Trading and Connectivity Resources:
- Market Share Statistics
- Nasdaq Pricing
- Nasdaq Routing
- Trade Reporting
- Nasdaq Port Request Form
- Specifications
- Market Data
- Testing
Nasdaq Trader Factsheets and Guides:
Regulatory Resources:
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Additional Information
Data
Nasdaq Equities Market Data
Powering trading and investment strategies for a full range of exchange-listed equities in the US, Nordics and Canada.
CONNECTIVITY
Nasdaq Co-Location
Co-locate trading equipment within Nasdaq's primary data center & provide proximity to the liquidity of our U.S. markets
U.S. Equities Resources
Resource Center
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- Nasdaq TotalMarkets: Optimizing Markets for Today and Tomorrow
- M-ELO Monthly Report
- Auctions Automated Market Structure Delivers Best Execution Outcomes
- Automation and Information Produce Efficient Price Discovery in Nasdaq’s Auction Process
- M-ELO: The Final Hour of Trading
- More Inclusive Opening Auctions Make Better Markets for All
- Midpoint Extended Life Order (M-ELO): Striking the Right Balance
- M-ELO Order Enhancement Shows Early Returns
- Will Nasdaq’s New Extended Trading Close (ETC) Transform After-Hours Trading?
- Initial Review of SEC Market Structure Proposals
- Risk Checks Backstop Trading
- Nasdaq Closing Cross Facilitates Russell Reconstitution for 20 Years
- Why More Trading Firms are Considering Co-Location with Nasdaq
- Everything You Need to Know about Dynamic M-ELO, the First Exchange AI-powered Order Type
- Driving Transformation Through the Modernization of Markets
- Nasdaq TotalMarkets: 2023 Equity Market Structure Proposals Overview
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- U.S. Equities Overview
- OUCH 5.0 Overview
- The Midpoint Extended Life Order (M-ELO) Frequently Asked Questions
- Equity Risk Checks (EQRC) Overview
- Self Match Prevention (SMP) Overview
- Equity Risk Checks (EQRC) User Guide
- Nasdaq, BX and PSX Order Functionality Enhancements Factsheet
- Nasdaq Extended Trading Close FAQ
- Dynamic M-ELO Overview