1.) Pick the statement that applies to NASDAQ from below.

• Composed of four separate markets

• Exchange floor located in Chicago

• Provides two levels of information access

• Designated market maker system

• Multiple market maker system

2.) ____________ can access Level 3 of NASDAQ’s information.

• Anyone with internet access

• Only NASDAQ regulators

• Customers who pay an access fee

• NASDAQ market makers

• There is no Level 3

3.) The _____________ is the stream of customer orders coming in to the NYSE trading floor.  

• trading volume

• order flow

• bid-ask spread

• commission trail

• paper trail