...The NYSE and NASDAQ The two most important stock exchanges are the New York Stock Exchange and the NASDAQ. These are both considered secondary markets where stocks are traded among investors. The NYSE, also known as the “Big Board”, located on Wall Street in Manhattan, New York. Based on dollar volume and value of shares listed, it is the largest stock market in the world. It can be traced back to the Buttonwood Agreement that occurred in 1792. A group of twenty-four signed this agreement in an effort to set a floor commission rate charged to clients. At this point, the securities most commonly traded were War Bonds from the Revolutionary War. Around 1817, brokers operating in New York under the Buttonwood Agreement worked on reorganizing themselves, and they became the New York Stock and Exchange Board. The New York Stock Exchange trades stocks in a continuous auction format and is generally open 5 days a week between 9:30 am and 4:00 pm. Traders, gather around a specialist broker, who acts as an auctioneer in an effort to bring buyers and sellers together. In 1995, all trades were processed on wireless hand-held computers, which ended a 203 years process of paper trades. Originally a gavel was used to signal the opening and closing of trading. However, in the 1800’s a gong was used. Today a bell is used, and it is quite common for a “VIP” to do the ringing of the bell. Some notable bell ringers include Joe DiMaggio, Michael Phelps, Nelson Mandela and Rudy...
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...Grade Recieved - A You have been asked to write a report for a group of new stock brokers about the NYSE-Euronext and the NASDAQ. Visit both the NYSE Homepage, and the NASDAQ Homepage, and write a paper of 2–3 pages on how the two exchanges operate. Make sure to address the following three questions: How are NYSE and NASDAQ similar, if at all? How are the two exchanges different from one another, if at all? What is The Public Company Accounting and Investor Protection Act of 2002? Describe the law in your own words. Abstract The NYSE (New York Stock Exchange) and NASDAQ Stock Market (National Association of Securities Dealers Automated Quotations) are the top two stock exchanges in the world with the New York Stock Exchange as number one and both are located in New York City. The New York Stock Exchange and National Association of Securities Dealers Automated Quotations have similarities and also have their differences. This paper will also describe what The Public Company Accounting and Investor Protection Act of 2002 are. There are many ways that the New York Stock Exchange and National Association of Securities Dealers Automated Quotations are similar. These two exchange centers account for the majority of trade that are related to equities within the United States and European stock market. The two stock exchange centers specialize in trading stock options, cash equities, fixed incomes and also exchange traded goods. In order to keep the flow of the...
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...The NASDAQ(StockMarketforBeginners,n.d) is an abbreviation for National Association of Security Dealers and Automated Quotations. It was originally started through the use of a bulletin board showing the stock prices. At this time it was impossible to connect buyers to sellers. This form of trading is done specifically online. It was solely for the use of connecting sellers with the accurate buyers for the stock which they were selling. This trading alleviates the use of a variety of getting involved in the trading of stocks. It is done online by the trader. This form of trading is mostly done with technology. The NYSE (About.comUSEconomy,2011)is an abbreviation for New York Stock Exchange. It does trading within New York and Europe. Some of NYSE operations are done electronically. At present NYSE is trying to get completely computerized to work towards the competing of NASDAQ. However most trades are done on the trading floor mainly for price and large quantity of institution trading. The similarities of NASDAQ and NYSE are they both have controllers to maintain the process of selling and buying of stocks in manageable order. They do trading for equity in North America. They have listing requirements and are both public. The differences are between these two are as follows NYSE 1. People are selling and buying amongst each other. It is known as an auction. They are matched based on the highest bid with the lowest selling price Financial Management 4 ...
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... NYSE vs. NASDAQ Two of the world’s largest organizations in which stock is traded are the NYSE-Euronext and the NASDAQ. As person who is new to stock brokering, it is important to be familiar with the similarities and differences between the two organizations. The New York Stock Exchange and the NASDAQ are two organizations that operate with the purpose of buying and selling stock in the stock exchange market. Both the NYSE and NASDQ operate globally and are in the top largest exchanges in the world. The two companies are similar because they are both publically traded companies that have locations in New York City and they trade globally. Both companies operate as a national securities exchange and are well known for their exchange of equities between buyers and sellers. Both the NYSE and NASDQ promote that they offer innovative trading technologies on their websites because they both buy and sell stock electronically. The NYSE is different from NASDAQ because it operates electronically through NYSE Euronext as well as through a process where stock brokers have a live auction with people on the floor of the stock exchange screaming at other people to buy or sell stock (Knight-Ridder 1994). According to Knight-Ridder, the NYSE is also different from NASDAQ because stocks on the NYSE are bought and sold through a licensed broker. Fees at the NYSE are also higher than NASDAQ so companies being traded on the NYSE are usually larger in nature...
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...A Discussion about the NYSE and NASDAQ Dannielle Gribble American Intercontinental University Abstract The purpose of this paper is to discuss both the differences and likenesses between NASDAQ and the NYSE. Also mentioned in this paper is a brief discussion about “The Public Company Accounting and Investor Protection Act of 2002” and its impact on public businesses as well as the investors thereof. A Discussion about the NYSE and NASDAQ NASDAQ and the NYSE are both popular in the sector of trading. NASDAQ represents National Association of Securities Dealers Automated Quotation and NYSE stands for the New York Stock Exchange. As I researched the NYSE and NASDAQ, I was only able to locate a few similarities between the two companies. The first similarity is that both NASDAQ and NYSE are companies that participate in the business of stock exchanging. The second similarity that both NASDAQ and the NYSE share is that they both match the necessity for stock supply and demand. The third similarity between NASDAQ and NYSE is that they both hold most of the equity that is traded in the US. That is made possible, in that, most of the trading that occur in the US takes place by either NASDAQ or the NYSE. The fourth similarity is that both companies offer high-end services for trading. While there are a few similarities between NASDAQ and the NYSE there are definite differences between the two. One difference is that NASDAQ is commonly recognized as the high-tech...
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...There are many ways that the New York Stock Exchange (NYSE) and National Association of Securities Dealers Automated Quotations (NASDAQ) are similar. These two trading centers make up for the bulk of trade that is connect to equities in the United States and European stock market. The two stock exchange centers concentrate in trading stock options, cash equities, fixed incomes and also exchange traded goods. In order to keep the market current, both exchanges use what is called traffic controllers. The traffic controllers of both exchanges deal with specific traffic problems and, in turn, make it possible for their markets to work. On the NASDAQ, the traffic controller is known as the market maker, who, we already mentioned, transacts with buyers and sellers to keep the flow of trading going. On the NYSE, the exchange traffic controller is known as the specialist, who is in charge of matching buyers and sellers together. A few of the similarities are that during trades, both exchanges use an electronic screen because of the fact they the screen based electronic stock exchanges. The Stock Exchange Commission synchronizes these two exchanges and joins in the activity of trading stock equities. As you can see, there are a number of similarities between the two exchanges however; there are also a number of differences between the two as well. One difference is that the NASDAQ is considered a high tech trading market because most of their components are electronics...
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...Management UNIT 1 IP NASDAQ VS NYSE SHANIKA BUCKNER AIU ONLINE Introduction The purpose of this paper is to inform a group of stock brokers about the NYSE and the NASDAQ. In this paper I will explain the similarities and the differences of the NYSE and NASDAQ stock exchange. Also in my own words, I will explain what the Public Company Accounting and Investor Protection Act of 2002 are for. BODY Although NASDAQ AND NYSE operate differently, they both have many similarities, before I began discussing the similarities let me tell you what NASDAQ and NYSE stands for; NASDAQ stands for National Association of Securities Dealers Automated Quotation, and NYSE stands for the New York Stock Exchange. Some similarities that these two organizations have are that they are both very well known in the trading sector and they both offer high end services. NASDAQ AND NYSE are two organizations that are well known for their exchange in equities between buyers and sellers. Another similarity is that they are both organizations that trade publicly, and in the stock exchange market, they are both in highly demand. Just like there are similarities, there are also differences. NASDAQ is usually determined to be a high tech market because its components are basically electronics, technology, and Internet based companies, whereas NYSE comprises of older and more companies that are established, usually vast industries, and blue chip organizations. Although both NASDAQ and NYSE are both stock...
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...that sell their stock do so to raise capital for new product lines, expansion into new markets, or expanding existing facilities or building new facilities. These stocks are bought and sold, also known as traded, in the stock market. Two of those markets are the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation System (NASDAQ) (Career Education Corporation [CEC], 2012). NYSE The NYSE is a security exchange that trades stocks and bonds between investors. Corporations provide their stocks and bonds to be traded on the exchange to build capitol. The NYSE has a designated specialist for each stock, the stock is trade on what they call the trading floor at the NYSE building in New York, and this is an auction market. The designated specialist is a human shield designed to protect the stocks in case there are problems with the electronic trading (Brooks, R., 2013, p. 186). The NYSE has been a public exchange since 2006 but began trading in 1792 in New York City with only five securities to trade. On the trading floor trades are made between buyers and sellers by matching their bid and ask prices. An investor who wants to buy stock on the NYSE has their broker either call an order to the floor or enter it into the DOT system. The designated specialist for that stock, which is an employee of the listing company, then matches the...
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...University November 17, 2013 IP 1 1. How are the NYSE and NASDAQ similar, if at all? In basic structure the NYSE and the NASDAQ are similar. They are both companies that can provide the service of trading stocks. Each company is open to the public and gains profits for their shareholders. NYSE and NASDAQ are both regulated by the Securities and Exchange Commission. Within each company the trading of stocks is done by traffic controllers, and these two companies account for a huge share of trading in the United States. With the use of these stock exchange facilities it allows public companies to raise capital. 2. How are the two exchanges different from one another, if at all? Both the NYSE and NASDAQ have differences from one another. The first major difference happens to be in their mission statements of the companies. The NYSE mission statement is as follows, “The mission of the NYSE is to add value to the capital-raising and asset management process by providing the highest-quality and most cost-effective self-regulated marketplace for the trading of financial instruments , promote confidence in and understanding of that process and serve as a forum for discussion of relevant national and international policy issues”. However the mission statement from NASDAQ is, “as the world’s largest exchange company, NASDAQ is driven to delivering multi-asset, multi-service capability across every major continent. NASDAQ provides forward thinking services and technology that...
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...NYSE VS. NASDAQ By: Lavoy Freeman Financial Management Individual Project 1 Many people may make millions or lose everything they have by buying and selling stocks on exchange markets. The two most familiar exchanges are NYSE and NASDAQ. The New York Stock Exchange is a Euro-American national security exchange that operates multiple security exchanges. It maintains a leading position in global exchange products market. In 2011, NYSE-Euronext led the market in Exchange Traded Products with more than 450 new ETN listed. The market’s impressive growth has been a success from their rests of structuring nearly 85% of their leading venue for Exchange Traded Funds, Exchange Traded Notes, Exchange Traded Vehicles, and Warrant and Certificate trading. The product offering of the marketplace gives investors access of regulated listings as well as fast and innovative tools to quickly convert assets to cash. The trade of equities, futures, options, fixed-income and exchange-traded products comes from the company’s exchanges in Europe and the United States. NYSE Liffe is a derivative business operated by NYSE-Euronext, which offers comprehensive commercial technology along with connectivity, market data products and services. (NYSE-Euronext) NASADAQ is known as an American stock exchange market, which originally stands for National Association of Securities Dealers Automated Quotations. Other than NYSE, NASDAQ is the second-largest stock exchange by market capitalization...
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...NYSE – Euronext and the NASDAQ Name: Robert E. Smith American Intercontinental University FINA 310 – Financial Management Unit 1 Individual Project September 1, 2013 Abstract This report, providing information by study of financial management, makes a comparison of the New York Stock Exchange and the National Association of Securities Dealers Automated Quotations. We will provide a perspective difference between NYSE and NASDAQ by information used in making comparison. We will further describe the Public Company Accounting Protection Act of 2002, and provide a description of the law. Memo: To: Brokers Association From: American Intercontinental University Subject: NYSE and NASDAQ RE: Orientation Date: 08/31/2013 Introduction: In orientating our newest brokers, we provide a detailed introduction to the New York Stock Exchange and the National Association of Securities Dealers Automated Quotations, Identified best by most by abbreviation as NYSE, and NASDAQ, a report detailing the similarities of these two organizations and their differences. We further provide discussion of the “Public Company Accounting and Investor Protection Act of 2002 in describing this law as it was established and reason. Overview NYSE-Euronext and NASDAQ similarities: We begin by providing an overview of both exchange operators in making comparison determining what similarities there are in these operators of financial markets. First, the NYSE is stated to be a global operator...
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...differences in how the NYSE and NASDAQ operate than similarities. NYSE operates at a physical address while the NASDAQ takes place on a very complex telecommunications system of buyers and sellers. With all the buy and selling the buying and selling taking place, investors can be misled into an investment that will profit only the seller and leave the buyer broke. The Sarbanes-Oxley Act has been put in place to protect both buyers and sellers from unethical practices. NYSE & NASDAQ The New York Stock Exchange (NYSE) and NASDAQ are places where equities are exchanged between buyers and sells on the stock market. They both are major exchanges that trade a major portion of equities in North America and Worldwide. Both are very different in how they operate and trade equities. The location of these two stock exchanges doesn’t refer to a address but more of a “place” for trading. NYSE’s transaction occurs at a physical address on the trading floor in New York City and the NASDAQ isn’t located at a physical address on a trading floor. NASDAQ is on a telecommunications network where transactions between sellers and buyers take place on an elaborate system of companies connected electronically to each other (The NYSE And NASDAQ: How They Work, 2013). Another difference is the NASDAQ is a market where buyers and sellers are not making transactions with each other directly but through a dealer and the NYSE has buyers and sellers...
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...BY MARK ROY AIU Abstract This essay will go over and cover what the NYSE and the Nasdaq are all about and how they both are different. It will explain how they both operate and to see if they have similar traits or are totally different. THE WORLD OF FINANCE The concept of any business venture is to find the best overall one that will work and fit your organization the best with the most or best outcome possible. When we are talking about finances and or how to make the most money, it may take some time and research to find what you are looking for. When we are talking about finances two better known organizations come to mind. The two are the New York Stock Exchange and Nasdaq. These two organizations have been around for some time now and are known to many that are within the business of making money and stocks as well. In 2007 Nasdaq formed with the Scandinavian Exchange group OMX and formed the Nasdaq OMX Group. They are both committed to technology and innovation across global markets. Nasdaq is a public company that is listed on the Nasdaq Global Select Market (NDAQ) and part of the S&P 500 since 2008. Also in 2007, NYSE Group and Euronext combined and formed to also have global financial markets. The New York Stock Exchange is a leading global operator of financial markets and a provider of innovative trading technologies, and is the only exchange operator in the Fortune 500. (Nasdaq, 2013). Both these organizations are similar because they are both well...
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...Abstract The NYSE and the NASDAQ the two leading stock exchanges on the globe, and the NYSE is the best one and the location of them both is New York City. The NYSE as well as the NASDAQ has their likenesses as well as their differences. This report also will give an explanation of The Public Company Accounting and Investor Protection Act of 2002. The NYSE and NASDAQ There are several similarities between the NYSE and the NASDAQ. Both of these exchanges are responsible for most of the trading related to impartialities inside the U.S. and European stock markets. Both of these stock exchanges concentrate on stock trading options, capital impartialities, fixed incomes, and exchanging traded goods as well. To maintain the flow of the market, both the NYSE and the NASAQ maintain the flow with traffic controllers. Yet another similarity is that both of them exhaust an electronic screen and they are both screen-based electronic stock exchange systems. The Stock Exchange Commission organizes both of these exchanges and participants in the exchanging of stock impartialities (Hamlett, 2013). Other than their names, these two stock markets have several differences. One particular difference is that when NASDAQ began, they used bulletin boards to display stock prices, which inhibited consumers from connecting, but presently, they conduct trading online only. NASDAQ usually deals with IT businesses. The person that sells the stock does business via...
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...conducting quite a bit of research on the NYSE Euronext and NASDAQ OMX exchange markets there are three important factors that will compare and contrast these two markets rather well. These factors are similarities, differences, and The Public Company Accounting and Investor Protection Act of 2002. Although operating off of the same concept, there are numerous differences that set these two exchanges completely apart from one another. When comparing the similarities of these two exchanges only two were made apparent. The two main similarities between NYSE Euronext and NASDAQ OMX is that they are both exchange companies and they operate off the same concept. That concept being they both sell stocks and bonds and create capital off of the assets already obtained. These are the two most relevant similarities shown for both exchange markets. However, there are far more differences which set these two exchanges apart from one another (What Is NASDAQ?, 2013); (Who Are We, 2013). What is different in the NYSE Euronext than in NASDAQ OMX are; in person stock trading, only exchange in the fortune 500, world’s largest exchange company, and represents a third of equities trading worldwide. Other differences for NYSE include; four markets based in the U.S. and Europe, NYSE Euronext is one of the world’s leading futures and options trading venues. They offer derivatives on commodities, FX, equities, bonds, interest rates, indices, and swaps. NYSE Euronext technologies provide the best...
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