New Level II Exchange Code for Nasdaq stocks?

Discussion in 'Trading' started by Marc to Market, Feb 20, 2003.

  1. Anyone notice there's a new exchange code being posted under time and sales for some Nasdaq trades? The new one is "NASD." I think this is a new exchange which includes non-participants (INCA)? Anyone have any ideas? The other exchange codes I see are NMS, CSE (Island) and sometimes AMEX.


  2. tfmoney


    why look at possible trades, they are not real doesn't it make more since to focus on what is real like time and sales
  3. tfmoney


    No, here is my point all the bids and asks on the outside of the best quotes are subject to change. A market maker can pull those oustide quotes anytime. So in effect they are not real unless they actually get to the inside
  4. tfmoney


    I was not refering to time and sales I was refering to Level 2