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Definition of

National Market System


system encouraging competition between US stock exchanges in the United States, an inter-exchange network system designed to foster greater competition between domestic stock exchanges. Legislated for in 1975, it was implemented in 1978 with the Intermarket Trading System that electronically links eight markets: American, Boston, Cincinnati, Chicago, New York, Pacific, Philadelphia, and NASDAQ. It allows traders at any exchange to seek the best available price on all other exchanges that a specific security is eligible to trade on.

Related definitions of "National Market System"

Definitions of ’National Market System’ and meaning of ’National Market System’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’National Market System’ and other financial terms with our online QFINANCE Financial Dictionary.

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