National Market System

National Market System
( NMS)
Refers to over-the-counter trading. System of trading OTC stocks under the sponsorship of the NASD. Must meet certain criteria for size, profitability and trading activity. More comprehensive information is available for NMS stocks than for non-NMS stocks traded OTC ( high, low, and last-sale prices , cumulative volume figures, and bid and ask quotations throughout the day). This is due to the fact that market makers must report the actual price and number of shares in each transaction within 90 seconds verses nonreal-time reporting for non-NMS stocks (thus, last sales prices and minute-to-minute volume updates are not possible). Bloomberg Financial Dictionary

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National Market System ˌNational ˈMarket ˌSystem abbreviation NMS noun
FINANCE a US computer network for trading shares on Nasdaq and some of the shares on the New York Stock Exchange:

• National Market System volume totaled a moderately active 256,750,000 shares.


Financial and business terms. 2012.

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