"Greatest one-year rise of any exchange-listed stock in the history of Wall Street."
Specialists are responsible for maintaining orderly markets for exchange-listed stocks, matching buyers and sellers.
Although exchange-listed stocks can be traded OTC on the third market, it is rarely the case.
But that was not true in the so-called third market, comprising brokerage firms that trade exchange-listed stocks off the exchange.
Indeed, some that seemed to work well as buy or sell signals for Nasdaq shares failed utterly when applied to exchange-listed stocks.
In exempting exchange-listed stocks from the new rule, regulators assumed that exchanges would enforce tougher standards than those that apply in the pink sheets.
There are many more exchange-listed stocks that are monitored by only one or two analysts.
Some Trading Halted There also were some dislocations in exchange-listed stocks, but they were modest by last week's tumultuous standards.
At the same time, each exchange will be allowed to choose 10 existing options on exchange-listed stocks for trading on their exchanges.
The firm subsequently agreed that it would pull out of penny stocks and focus in the future on exchange-listed stocks.