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Quick Facts
The NASD member firms that use their own
capital, research, retail and/or systems resources to represent stocks
and compete with each other to buy and sell stocks they represent.
There are over 500 member firms that act as Nasdaq Market Makers.
One of the major differences between the Nsadaq Stock Market and other
major markets in the U.S. is Nasdaq's structure of competing Market
Makers. Each Market Maker competes for customer order flow by displaying
buy and sell quotations for a guaranteed number of shares. Once an
order is received, the Market Maker will immediately purchase for
or sell from its own inventory, or seek the other side of the trade
until it is executed, often in a matter of seconds. The "spread"
is the difference between the price at which a Market Maker is willing
to buy a security and the price at which the firm is willing to sell
it.
Nasdaq Monthly Share Volume Reports
http://www.nasdaqtrader.com/static/tdhome.stm
Market Maker Code List
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| AANA |
ABN AMRO |
| ABLE |
Arnold |
| ARCA |
Archipelago
(exchange) |
| ATTN |
Attain |
| BEST |
Bear Stearns |
| BRUT |
Brass Securities
(exchange) |
| BTAB |
Alex Brown |
| BTRD |
Bloomberg
Trade Book (exchange) |
| CEUT |
CE Unterberg |
| COWN |
Societe Generale
Securities |
| DEAN |
Dean Witter |
| DLJP |
Donaldson
Lufkin & Jenrette |
| FACT |
First Albany |
| FBCO |
Credit
Suisse First Boston |
| FBRC |
Friedman,
Billings, Ramsey |
| GKMC |
Gerald |
| GSCO |
Goldman
Sach |
| HMQT |
Hambrecht
& Quist |
| HRCO |
Huberman
Financial |
| HRZG |
Herzog
Gould |
| INCA |
Instinet
(exchange) |
| ISLD |
Island (exchange) |
| JANY |
Janey Montgomery
Scott |
| JBOC |
J.B. Oxford |
| JEFF |
Jefferis
& Company |
| JPMS |
J.P. Morgan |
| KCMO |
Security
Investment of Kansas |
| LEHM |
Lehman
Brothers |
| MADG |
Bernard Madoff |
| MASH |
Mayer |
| MLCO |
Merril
Lynch |
| MOKE |
Morgan
Keehan |
| MONT |
Banc of
America |
| MSCO |
Morgan
Stanley |
| MWSE |
Chicago Stock
Exchange (exchange) |
| NFSC |
National
Financial Services |
| NITE |
NITE (biggest
player) |
| NTRD |
NexTrade
(exchange) |
| OLDE |
Olde Discount |
| OPCO |
CIBC Oppenheimer |
| PERT |
Pershing
Trading |
| PGON |
Paragon Capital |
| PIPR |
Piper Jeffray |
| PRUS |
Prudential
Securities |
| PWJC |
Paine
Webber |
| RAJA |
Raymond
James |
| RAMS |
RAMS |
| REDI |
Seer Leeds
(exchange) |
| RSSF |
Robertson
Stephens |
| SBSH |
Solomon
Smith Barney |
| SELZ |
Ing Baring
Furman Selz |
| SHWD |
Sherwood
Securities |
| SHRP |
Sharpe
Capital |
| SLKC |
Speers Leeds
& Kellog |
| STRK |
Strike (exchange) |
| TNTO |
Terranova
(exchange) |
| TSCO |
Troster Singer |
| TUCK |
Tucker Anthony |
| USCT |
USCC Trading |
| WEDB |
Wedbush Morgan |
| WEED |
Weeden |
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