NASDAQ vs. NYSE

LeviF · Post by **LeviF** » Wed Aug 18, 2004 10:35 am

Has anyone noticed differences between the way NASDAQ and NYSE stocks trade and orders are executed? I'm refering to fills and slippage.

alerionsailor · Post by **alerionsailor** » Wed Jan 26, 2005 1:34 pm

IMO I think it is more a function of the liquidity of the stock and the type of order placed. A larger, market order in a semi liquid stock on the NASDAQ in the hands of wholesaler is a recipe for pain. That same order with a limit, however, must typically be displayed publicly eliminating the any profit potential by the market maker. I think, therefore, that is it better to be familiar with the stock than the exchange.