Definition of "Nasdaq"

In their original article, Messrs Christie and Schultz found that in 70 of the 100 most heavily traded stocks, Nasdaq dealers avoided quoting prices in odd eighths of a dollar. Buyers were far more likely to quote shares at 28 1/2 or 28 3/4 than at 28 5/8.

1998 January 15, “Collusion in the Stockmarket”, in The Economist

soes is a system that allows small orders placed through it to be automatically executed against Nasdaq market makers at the best bid or ask prices displayed on the Nasdaq system. soes trading has generally represented less than 10 percent of total Nasdaq shares traded. soes can be used by nasd member firms that register as participating soes order entry firms.

1998 August 31, Securities Market Operations: The Effects of SOES on the Nasdaq Market (Report to Congressional Requesters), Washington, D.C.: United States General Accounting Office, GAO/GGD-98-194, page 3

In spite of the recent falls in the value of the Nasdaq index and the value of Amazon stock, the new technology had the city by the ears: the talk was still of start-ups, IPOs, interactivity, the unimaginable future that had just begun to begin.

2001, Salman Rushdie, Fury: A Novel, London: Jonathan Cape, pages 3–4

Through the boom and bust, when Wave's stock sold for $50 a share and when it sold for less than a buck, when the company was delisted from the Nasdaq in 1997 and then reinstated in 1999, the Wavoids have been predicting that Wave will be bigger than Intel, AOL, or Yahoo -- and searching for clues that Wave's software is about to become the gold standard of trusted computing, an indispensable part of the 150 million PCs shipped yearly.

2004 June 14, Scott Kirsner, “After 16 years of struggle, Wave awaits its big break”, in The Boston Globe

[title]

2018 July 6, Dan Hyman, “A Nasdaq for Sneakerheads? E-Commerce Site Aims to Tame ‘Chaos’ of Luxury Market”, in The New York Times‎, New York, N.Y.: The New York Times Company, archived from the original on 2018-07-06

The pocket of predictive structure in the fluctuations of share prices that the human and automated SOES bandits seem to have exploited successfully was created by the sociotechnical organization of Nasdaq. As noted, only an authorized NASD member firm that had registered as a market-maker in the stock in question could post bids and offers on Nasdaq’s screens.

2021, Donald MacKenzie, Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial Markets, Princeton, N.J.: Princeton University Press, page 83

One of the major differences between the Nasdaq exchange and the NYSE is Nasdaq’s structure of competing market makers. On the NYSE, a stock is assigned one DMM as its market maker. On Nasdaq, each market maker, referred to as a dealer, competes for customer order flow by displaying buy and sell quotations for a guaranteed number of shares.

2023, Troy Adair, John Nofsinger, Foundations of Investments, Cengage Learning, page 50