Normal market size is the minimum number of securities for which a market maker is obliged to quote firm bid and ask prices. In a quote driven market, market makers cannot be expected to offer quotes that are firm up to an unlimited size.
Normal Market Size (NMS)
share classification system that in 1991 replaced the alpha, beta, gamma, delta, system brought in with big bang on the International Stock Exchange Of The U.K. And The Republic Of Ireland (ISE).
Normal Market Size is a value expressed as a number of shares used to calculate the minimum quote size for each security.
Normal market size
Calculated on the previous year's average daily turnover of each individual stock, and is currently 2.5% of the total volume of shares for each company.
Normal Market Size (NMS)
A system that categorizes the size of transactions that are normal for a particular security and forces market makers to deal within these sizes.
NMS - Normal Market Size - A share classification structure based on the number of shares outstanding. This determines the number of shares that a market maker can trade at the quoted price.
Exchange market size is for all trading related purposes a synonym for normal market size. It is set for each each listed security. The main importance of the normal market size is for market maker quotes on quote driven trading systems.
When placing a trade above normal market size via the personal telephone service you may be asked whether you want to trade 'all or nothing' or 'as many as possible'.
See also: Authorized Shares, Capital Stock, Diluted Earnings Per Share, Earnings Per Share - EPS, Float, Market Capitalization, Normal Market Size - NMS
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The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.
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Normal Market Size
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 See also: Offer price, Administration, Saving, Expense, Values
  
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