NASDAQ Requirements
For putting stocks at NASDAQ, it's obligatory that at least two dealers conduct operations with these stocks. Thus the stocks amount applied at the market must be nor less than certain limit. Within the framework of the NASDAQ system (known also as "The second market") more of stocks of the American and foreign companies are quoted today than on any other American stock exchange. About 400 companies are the participants of this system.
Trading out of the market by the stocks quoted on NYSE is named in the USA "The third market". Trade can be conducted not only during working day of NYSE, but also after it's closed. As a rule, it's trade by the large share holdings with payment of less-sized commissions.
Trade by the large packages of securities is named a fourth market, which is set directly among large institutional investors. There are several such automated trade systems. Accounts insurance for clients of all brokers and members of the exchanges is incorporated in Commission on securities. Possible losses related to brokerage firms' activity is insured by special State Corporation. Every account can be insured by this corporation on the sum up to 500 thousand USD. Market private insurance companies are engaged in a similar insurance also.