Liquidity, Resiliency & Transparency to Propel Investment Ideas into Fruition
Nasdaq owns and operates 10 equities markets around the world, including the largest single liquidity pool for U.S. equities by market share. We offer several different market models in the US. Our exchanges include our flagship exchange, The Nasdaq Stock Market, Nasdaq BX and Nasdaq PSX.
Feature Spotlight: Chuck Mack 2021 Outlook
Nasdaq Stock Market
A trusted pillar of capital markets and innovation - providing US equities markets liquidity, resiliency and transparency to propel investment ideas into fruition. As the largest U.S. equity exchange by market share, Nasdaq accepts various order types in a price/time execution priority model for clients to execute a variety of trading strategies.
Operating a price/time execution priority for various order types, BX incentivizes the execution of trades by providing rebates to liquidity removers.Nasdaq BX
PSX features a price/time priority model with a Qualified Market Maker Program to reward market makers who actively quote at the National Best Bid or Offer (NBBO) in a broad set of securities.Nasdaq PSX
Featured Equities TradeTalks
Market Structure Leadership & Regulatory Advocacy
TotalMarkets, our plan to reform and revitalize the U.S. equity markets to better serve American investors and companies of all sizes. We have worked to make those proposals a reality — advocating in Washington, D.C. and throughout the financial community:2017, TotalMarkets: examines the rules of yesterday and the markets of today, and charts proposals to make a path to better markets tomorrow. 2020, Reg NMS II SEC Proposal Commentary & Discussion: The scope of the SEC’s proposed rule on “Market Data Infrastructure” is far broader than its title suggests, and Nasdaq is at the forefront of efforts to ensure that any revamp of the national market system occurs cautiously, thoughtfully, and fairly, and with due regard for the potential costs and effects that such a revamp would have on the markets and investors.
Capital Formation & Liquidity
Nasdaq is committed to providing liquidity to market participants to efficiently execute equities markets enabling capital formation, price discovery, valuations and increased investor access:Nasdaq Stock Exchange:
- #1 Exchange by Market Share
- #1 Time at Inside for S&P 500 Stocks
Nasdaq markets were designed, built and tested to weather various market conditions providing stability and confidence to issuers and investors:
- Matching Engine Up Time 100%.
- Executed 1B+ shares for the Russell Rebalance in under 1 second.
- Nasdaq offers all customers the opportunity to co-locate their servers and equipment within the Nasdaq Data Center in Carteret, NJ, providing proximity to the speed and liquidity of all of our U.S. markets.
Nasdaq is at the forefront of advancements in equity markets by discovering insights from data and by listening to our customers we continue to provide innovation in capital formation and market execution.
- Created the Midpoint Extended Life Order (M-ELO) to help institutional investors interact with each other at the midpoint of the National Best Bid and Offer (NBBO). M-ELO remains the highest performing order type among its peers.
- M-ELO timer optimization by reducing the holding period from 500ms to 10ms. Nasdaq M-ELO Highest Execution Quality at the Midpoint of the NBBO.
- Continued enhancements and expansion to Nasdaq's cross suite of products.
Who Counts as a Retailer Investor? View Who Counts as a Retailer Investor?
Setting the Table for a Challenging 2021 View Setting the Table for a Challenging 2021
Midpoint Extended Life Order M-ELO: Striking the Right Balance View Midpoint Extended Life Order M-ELO: Striking the Right Balance
M-ELO Order Enhancement Shows Early Returns View M-ELO Order Enhancement Shows Early Returns
NMS II: Why Forced Competition Actually Costs Investors More View NMS II: Why Forced Competition Actually Costs Investors More
Powering Precision Discussions: New Order Types View Powering Precision Discussions: New Order Types
Powering Precision Discussions: The Close View Powering Precision Discussions: The Close
Reg NMS II Webinar Replay View Reg NMS II Webinar Replay
Midpoint Extended Life Order: M-ELO View Midpoint Extended Life Order: M-ELO