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What is National Market System mean?
The National Market System (NMS) is the national system for trading equities in the United States.
The System includes all the facilities and entities which are used by broker-dealers to fulfill trade orders for securities. This includes:
Major stock exchanges, such as NYSE and Nasdaq.A national central securities depositary for book-entry transfers (Depository Trust Company pursuant to Article 8 of the Uniform Commercial Code of New York State).A depositary nominee (Cede and Company) to retain custody of stockholder rights with respect to immobilized jumbo stock certificates.A Proxy Ballot processing organization (Broadridge).Intraday clearing corporations which act as a central counterparty for continuing securities settlement by facilitating novation of settlement obligations to themselves and offsetting opposing obligations (known as netting or clearing). These organizations include FICC, NSCC, etc.The facilities which operate the national price quotation system. referencePosted on 28 Dec 2024, this text provides information on Miscellaneous in Stock Exchange related to Stock Exchange. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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