When the investor's limit order to buy or sell represents the best bid or offer on Nasdaq for a particular stock or is the same as the best bid or offer, it is included in the Nasdaq inside market for that security.
The best bid (the highest price at which a market maker is willing to
the advantage of multiple market makers competing to offer the best bid
and asked prices.
It is expected that MidPoint Match will be integrated with a fully-displayed Best Bid
Offer market in the fourth quarter of 2006.
Susan Waxman, vice president of Sand, noted that Sand's listing on the NASDAQ National Market provides brokers, shareholders and others with immediate access to the best bid and asked prices, and other trading data, about Sand's shares throughout the trading day.
In addition to increased market visibility, the NASDAQ National Market provides Sand with multiple market makers, rather than a single specialist on the exchange floor, who compete to offer the best bid and asked prices.
The displayed market will be seamlessly integrated with MidPoint Match[TM], a continuous, anonymous platform for trading equities at the midpoint price of the National Best Bid
and Offer (NBBO) that was launched earlier this year.
Roach noted that ABS's entry into the NASDAQ National Market provides brokers and others with immediate access to the best bid
and asked prices and other information about the company's shares throughout the trading day.
The Blue Book continues to provide my department with unlimited resources to build the best bid
management systemC*and mandates that we keep it free to use