CFA Practice Question

CFA Practice Question

Which of the following is not one of the three segments of the secondary equity market?
A. The NASDAQ system
B. The major national stock exchanges
C. The OTC market
Explanation: The three segments of the secondary equity market are the major national stock exchanges, regional stock exchanges and the OTC market. NASDAQ is an automated quotation system for the OTC market, and is thereby a part of it, rather than a separate segment of the secondary equity market.

User Contributed Comments 2

User Comment
steved333 NASDAQ is merely an example of the OTC segment, not one in itself.
grezavi Yeah it was in the books I don't know the mechanics behind it being an Index and quoted all the time maybe Level II we will find out :)
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