U.S. Equities Markets
U.S. Equities
Nasdaq offers three exchanges renowned for industry leading technology and service, innovative products, and proven resiliency at the center of price formation.
Liquidity, Resiliency and Transparency to Propel Investment Ideas into Fruition
Nasdaq owns and operates 3 U.S. equities markets, including the largest single liquidity pool for U.S. equities by market share. We offer several different market models in the US. Our exchanges include our flagship exchange, The Nasdaq Stock Market, Nasdaq BX and Nasdaq PSX renowned for industry leading technology and service, innovative products, and proven resiliency at the center of price formation.
Nasdaq Stock Market
Largest U.S. equities exchange by market share. Home to 4,000+ corporate listings and 450+ ETP listings.
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Largest U.S. equities exchange by market share. Home to 4,000+ corporate listings and 450+ ETP listings.
Nasdaq BX
Taker-maker pricing providing economic incentives for liquidity removers and intermarket queue priority for adders. Serves retail investors through the Retail Price Improvement Program (RPI) providing liquidity at prices better than the NBBO.
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Taker-maker pricing providing economic incentives for liquidity removers and intermarket queue priority for adders. Serves retail investors through the Retail Price Improvement Program (RPI) providing liquidity at prices better than the NBBO.
Nasdaq PSX
Nasdaq’s fastest-growing exchange with market quality driven liquidity incentives. Natural starting point for firms to grow exchange-based liquidity strategies
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Nasdaq’s fastest-growing exchange with market quality driven liquidity incentives. Natural starting point for firms to grow exchange-based liquidity strategies
Market Makers with Phil Mackintosh
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U.S. Equities Resources
Resource Center
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- Nasdaq TotalMarkets: Optimizing Markets for Today and Tomorrow
- M-ELO Monthly Report
- Auctions Automated Market Structure Delivers Best Execution Outcomes
- Automation and Information Produce Efficient Price Discovery in Nasdaq’s Auction Process
- M-ELO: The Final Hour of Trading
- More Inclusive Opening Auctions Make Better Markets for All
- Midpoint Extended Life Order (M-ELO): Striking the Right Balance
- M-ELO Order Enhancement Shows Early Returns
- Will Nasdaq’s New Extended Trading Close (ETC) Transform After-Hours Trading?
- Initial Review of SEC Market Structure Proposals
- Risk Checks Backstop Trading
- Nasdaq Closing Cross Facilitates Russell Reconstitution for 20 Years
- Why More Trading Firms are Considering Co-Location with Nasdaq
- Everything You Need to Know about Dynamic M-ELO, the First Exchange AI-powered Order Type
- Driving Transformation Through the Modernization of Markets
- Nasdaq TotalMarkets: 2023 Equity Market Structure Proposals Overview
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- U.S. Equities Overview
- OUCH 5.0 Overview
- The Midpoint Extended Life Order (M-ELO) Frequently Asked Questions
- Equity Risk Checks (EQRC) Overview
- Self Match Prevention (SMP) Overview
- Equity Risk Checks (EQRC) User Guide
- Nasdaq, BX and PSX Order Functionality Enhancements Factsheet
- Nasdaq Extended Trading Close FAQ
- Dynamic M-ELO Overview