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A low-profile, high-volume exchange: NASDAQ market-makers short, butcher, and order stocks. (National Association of Securities Dealers Automated Quotation system)

Corporate Cleveland

| June 01, 1991 | Fencl, Diane | COPYRIGHT 1991 Business Journal Publishing Company. (Hide copyright information)Copyright

A low-profile, high-volume exchange

NASDAQ market-makers short, butcher, and order stocks.

For Robert Knezevic, taking a puff on a cigar in between trades helps alleviate some of the stress...even at 9:30 a.m.

That's when the market first opens.

"You have to have intestinal fortitude to do this job," he quips. He is a senior vice president of over-the-counter trading at McDonald & Company Securities Inc. here in Cleveland.

Much of Knezevic's day is spent making a market for stocks that are traded on the National Association of Securities Dealers Automated Quotation (NASDAQ) system.

He enters a name, such as SUDS (which is …

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