Market Makers can interact with orders from order-entry firms. With just a few simple keystrokes, traders can specify those securities for which they will receive SelectNet buy or sell orders. Market Makers can assign SelectNet orders in specific securities to the responsible traders. Leave the order open from three to 99 minutes. Make the order a day order.
Price improve an order.
Decline an order. Counter an order or accept a portion of an order. Allow order to expire or time out. When an order is countered, negotiations begin and the parties exchange messages until they produce a full or partial execution, decline the transaction, or the transaction times out. For detailed information about SelectNet fees, refer to the Nasdaq Fee Schedule .