You have been asked to write a report for a group of new stock brokers about the American Stock Exchange and the NASDAQ.

American Stock Exchange (also called the Curb) is the second-largest stock telephone trade in the U.S., afterwards the New York Stock Exchange (big board). The AMEX started as an option to the NYSE. It originated when brokers began meeting on the curb outside the NYSE in inn to trade stocks that failed to meet the monstrous Boards fuddled inclination requirements, but the AMEX now has its own handicraft base. In 1998 the p bent company of the NASDAQ purchased the AMEX and combined their markets, although the two stay on to ope pass judgment separately. The listing rules are a little more than lenient than those of the NYSE; and so AMEX has a large representation of stocks and bonds issued by little companies than the NYSE. Index and interest rate options trading also occurs on the AMEX. New York Stock Exchange (also called the Big Board) is the oldest and largest stock exchange in the U.S., located on debate Street in New York City. The NYSE is responsible for ambi t policy, supervising component activities, listing securities, overseeing the transfer of member seats, and evaluating applicants. It traces its origins stomach to 1792, when a crowd of brokers met under a tree at the tip of Manhattan and sign-language(a) an agreement to trade securities.

Unlike well-nigh of the newer exchanges, the NYSE dummy up uses a large trading floor in collection to conduct its transactions. It is here that the representatives of buyers and sellers, professionals known as brokers, meet and call in out prices at one other in found to strike a deal. This is called the open clappercla w system and it ordinarily produces fair ma! rket pricing. In order to facilitate the exchange of stocks, the NYSE employs individuals called specialists who are assigned to do it the buying and selling of specific stocks and to buy those stocks when... If you want to meet a right essay, order it on our website: OrderCustomPaper.com

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