Series 24: Second Market: The Negotiated Exchange Market

Taken from our Series 24 Online Guide

Second Market: The Negotiated Exchange Market

The National Association of Securities Dealers Automated Quotations (NASDAQ) was created in 1971 by the National Association of Securities Dealers (NASD) to facilitate the trading of over-the-counter (OTC) stocks. It was simply an automated bulletin board at first, where no actual trading took place between buyers and sellers. It soon began to separate itself from the OTC market by enhancing its listing standards, and adding real-time trade and volume reporting to its posted informa

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