The National Association of Securities Dealers Automatic Quotation system. It is the largest computerized stock exchange in the world.

纳斯达克全美证券交易商协会自动报价系统。世界上最大的计算机化交易系统。

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Securities borrowed through the securities lending system of a securities exchange.

自证券交易所借券系统借入之有价证券。

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Nasdaq the national association of securities dealers automatic quotation system. it is the largest computerized stock exchange in the world.

纳斯达克。：。全美证券交易商协会自动报价系统。世界上最大的计算机化交易系统。

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Supporters of self-regulation argue that the exchanges are uniquely positioned to discipline members and are, in any case, backstopped by the legal system and the Securities and Exchange Commission (SEC).

FORBES: The NYSE's Enforcement Offensive

Along with the FDIC, the draft is the work of staffers at the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, and the Securities and Exchange Commission.

FORBES: Volcker Rule Trumps Euro Euphoria For Financal Sector Outlook

SecondMarket is registered with the Securities and Exchange Commission as an "alternative trading system, " its compliance staff communicates regularly with its Washington minders, and Mr. Silbert hired a former SEC lawyer to be his general counsel.

WSJ: The Weekend Interview With Barry Silbert: So Who Needs Wall Street?