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Quotes for over-the-counter securities ineligible for the listing on NASDQ can be found in the:

a. National Market System
b. Consolidated Tape
c. Consolidated Quotation Service
d. Pink Sheets

1 Answer

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Final answer:

Quotes for over-the-counter securities that cannot be listed on NASDAQ are found in the Pink Sheets, which is an electronic quotation service specializing in trading shares of small companies.

Step-by-step explanation:

Quotes for over-the-counter (OTC) securities that are ineligible for listing on NASDAQ can be found in the Pink Sheets. The Pink Sheets are an electronic quotation service that provides quotes for stocks that do not meet the requirements to be listed on larger exchanges such as the NASDAQ or the New York Stock Exchange (NYSE). Unlike the National Market System, the Consolidated Tape, or the Consolidated Quotation Service, the Pink Sheets specialize in trading shares of small or very small companies that are often too new or lack the financials needed for listing on larger exchanges.

Additionally, it's important to note that the Pink Sheets are not an actual exchange, but a service that provides a marketplace for these smaller, lesser-known stocks. Furthermore, technology plays a significant role in facilitating trades globally, even outside traditional market hours, as referenced by the existence of global markets such as those found in Hong Kong, Frankfurt, and Tokyo that continue trading after U.S. markets have closed.

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