Series 7: 17.2.1.3. Nasdaq Market Center

17.2.1.3. Nasdaq Market Center

The Market Center is Nasdaq’s automated system for order execution and trade reporting. Incoming market orders and marketable limit orders (limit orders that can be immediately executed) are directed to quotes displayed on the Nasdaq Market Center for execution. The Market Center identifies the next market participant in line to receive an order. If the participant accepts automatic executions, the system will automatically execute the order and send the participant an execution report. If the market participant is an ECN that parti