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Jagman

08/17/07 7:34 PM

#19552 RE: gtv #19551

Maybe they use trained monkeys on the Pinks....try including a banana with your next order.....

"The Nasdaq is a computer-based stock exchange where buyers and sellers meet electronically. Even though computers keep track of all the orders, there is still a very human presence in the Nasdaq and that is the market maker.
Unlike the New York Stock Exchange and some other smaller exchanges, there is no physical Nasdaq trading floor.

However, that’s not the only difference between the Nasdaq and the NYSE. The other major difference is that the NYSE is an auction market where orders set the prices. A specialist in each stock determines the price based on the orders.

The Nasdaq, on the other hand is a negotiated market where the computer network posts prices from different buyers and sellers. The best prices get filled first. If you want to sell your stock, you’ll need to post the best price."

http://stocks.about.com/od/tradingbasics/a/Marketmak011205.htm