Series 14: 2.5.2. Transacting Business On The Nasdaq

Taken from our Series 14 Online Guide

2.5.2. Transacting Business on the Nasdaq

Market participants may submit multiple quotes and orders into Nasdaq, where they will be entered and processed sequentially by time and sent to the Nasdaq Market Center. Incoming market orders and marketable limit orders are directed to displayed quotes and orders for execution. The market center identifies the next market participant in line to receive an order. If the participant accepts automatic executions, the system will th

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