...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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...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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...NYSE and NASDAQ American Intercontinental University Online Abstract The NYSE and the NASDAQ offer people the opportunities to purchase interest in various companies they feel are doing well and are going to continue doing well. Investors must understand while there are similarities between the two trading platforms there are several differences to the types of shares and the way they are purchased. Investors are now more protected against fraudulent and dishonest actions performed by companies who try to make their company appear healthier than it really is. NYSE and NASDAQ The potential of making large sums of money in short periods of time can be achieved through the well-minded trading of stocks or equities on a stock market. Two of the most well-known stock trading providers or platforms are the New York Stock Exchange (NYSE) and the National Association of Securities Dealers Automated Quotation (NASDAQ). If a person is deciding to become an investor they must understand while these two trading platforms have similarities they operate in different realms. Before determining the differences of the NYSE and the NASDAQ the similarities must be explained. Both the NYSE and the NASDAQ offer high-end services and are known for their exchange of stocks in the primary and secondary market (NASDAQ vs the NYSE, 2012). Both trading platforms offer real time details of the daily stock exchanges so investors are able...
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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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...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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...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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... 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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...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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...Unit 1 – Individual Project Abstract This paper explains the differences and similarities between the NYSE and the NASDAQ exchanges. This paper also discusses the Public Company Accounting and Investor Protection Act of 2002. The World of Finance NYSE Euronext is a financial services corporation that is the first cross-border exchange group that trade equities, futures, options, fixed-income, and exchange-traded products within in Europe and the U.S. (Quick Facts, 2013). NASDAQ is the world’s largest exchange company and the largest single liquidity pool for United States equities. It is also called the electronic stock market as it is the world’s first electronic trading system. (www.nasdaq.com, 2013). When you put these two together, you think about the buying and selling of stock and the stock market. The way in which these two stock exchanges perform is different and unique in their own ways. Before listing some of the similarities or if at all, it will be best to state what the acronyms stands for. NASDAQ stands for National Association of Securities Dealers Automated Quotation while NYSE stands for New York Stock Exchange. Both of these exchanges account for major trading of equities in United States and worldwide. In March of 2006, NYSE went public after being a private and not for profit exchange for many of years. Now both stock exchanges are publicly traded companies. Besides these companies being highly sought after in the...
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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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...are more 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...
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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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...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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...trading technologies, NYSE Euronext is the holding company and the first cross-border exchange group created by the combination of NYSE Group, Inc. and Euronext N.V., on April 4, 2007. The Company’s exchanges located in Europe and the United States trade equities, futures, options, fixed-income, and exchange-traded products. With approximately 8,000 listed issue from more than 55 countries, NYSE Euronext's equities markets—the New York Stock Exchange, NYSE Euronext, NYSE Amex, NYSE Alternext and NYSE Arca—represent one-third of the worlds equities trading and the most liquidity of any global exchange group (NYSE Euronext, 2011). NYSE Euronext began trading publicly on March 8, 2006 under the NYX ticker. The historic combination of the NYSE Group and Euronext in 2007 created the first truly global exchange group, and brought together major marketplaces across Europe and the United States, whose histories stretch back more than four centuries, including the New York Stock Exchange which was formed with the signing of the Buttonwood Agreement in 1792. NYSE Euronext is represented in the S&P 500 index, and is the only exchange operator in the Fortune 500 (Nyse Euronext, 2011). As one can see, the NYSE Euronext has been in operation for hundreds of years. It provides people with the ability to trade globally and locally. This overview of the NYSE Euronext provides information about the organization that will be used later in the paper. Next, the NASDAQ will be discussed and...
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...Theory Primary vs Secondary Market The primary market is direct from the company issuing the stock or bond to the buyer. The secondary market is after the initial public offering, people buy and sell on the stock exchange, NASDAQ or over the counter market or the pink sheets. For example, IBM issues some new stock. Someone buys it (usually an underwriter, but maybe the public). Assuming IBM sells direct to the public and I buy it for $50 and it goes up to $ 60 and you want to buy it and I want to sell it. So I sell through a broker and you buy through a broker which represents a sale in the secondary market. The word "market" can have many different meanings, but it is used most often as a catch-all term to denote both the primary market and the secondary market. In fact, "primary market" and "secondary market" are both distinct terms; the primary market refers to the market where securities are created, while the secondary market is one in which they are traded among investors. Knowing the functions of the primary and secondary markets is key to understanding how stocks trade. Without them, the stock market would be much harder to navigate and much less profitable. We'll help you understand how these markets work and how they relate to individual investors. Primary Market The primary market is where securities are created. It's in this market that firms sell (float) new stocks and bonds to the public for the first time. For our purposes, you can think of the primary market...
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