( NMS)
Each listed company is allocated a NMS on the basis of the level of trading in the company's shares. The more active the trading, the higher the NMS. Obligations of market makers and other facets of market regulation are set by reference to the NMS.
See minimum quote size and maximum publication level. Dresdner Kleinwort Wasserstein financial glossary
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normal market size ( NMS)
A value expressed as a number of shares used to calculate the minimum quotation size for UK domestic equities and ADRs traded on the London Stock Exchange. The NMS values, which range from 500 shares to 200,000 shares, are based on each individual stock's average market turnover value in the previous 12 values. Exchange Handbook Glossary
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normal market size ( NMS)
A value assigned to a security by the Exchange. The NMS indicates the liquidity of that security. For quote-driven securities, the NMS is used to calculate the minimum quote size within which market makers are obliged to trade. London Stock Exchange Glossary
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The number of stocks that can be purchased without moving the market price.
Financial and business terms. 2012.