National Market System

The National Market System (NMS) is a framework designed to create a more efficient and competitive environment for trading securities in the United States. It connects various stock exchanges and trading platforms, ensuring that investors get the best prices for their trades. The NMS promotes transparency, enabling better access to market information. It also includes regulations that help protect investors and facilitate fair trading practices. Overall, the NMS aims to enhance market efficiency and improve investors' experiences in buying and selling stocks and other securities.