There are lots of different stock exchanges in the USA. In most circumstances, the key markets that you are going to hear about are the Long Island Stock Exchange ( NYSE ), the North American Stock Exchange ( AMEX ) and the Naz .
The markets are largely where folk and firms trade instruments. The market is the arena in which the players gather to trade.
The New York Stock Exchange has been around since 1792. It is located on Wall Street in New York City. The NYSE is the largest and best-known stock exchange in the country. It also has very stringent requirements for companies to join its listings. A company must be financially strong and show signs of being an industry leader to join the NYSE. Companies strive to belong to this market, and even pay annual fees for membership.
When a brokerage describes itself as a member of the NYSE it means that the firm has bought a seat on the floor of the NYSE. This means that there is actually a employee on the floor of the exchange buying and selling stock. This is an expensive investment for a firm, costing well over a million dollars.
The American Stock Exchange is similar to the NYSE in that it conducts its trading on a trading floor. The floor is filled with traders who buy and sell securities. The AMEX has been located in Manhattan since 1921. It is known as a major exchange for not only stocks, but also options. You will tend to find slightly riskier and smaller stocks listed on the AMEX, which operates under the NASDAQ-AMEX Market Group, a subsidiary of the National Association of Security Dealers.
NDX , or the State Association of Stocks Dealers Automated Quotations, is the youngest of the 3 major markets. It may be the one you've heard the most about through the news. It lists nearly every stock in the sector, but it's best known for listing technology corporations. Actually it is where you'll find many major tech stocks, including Microsoft and Intel. It launched in 1971 and was the 1st over the counter market. It links consumers and sellers through a PC network.
Agents and brokers will market the stocks by maintaining an inventory in their own accounts. They are going to buy or sell when they receive an order from a backer. You'll find that start up firms that are issuing stock in a preliminary public offering will generally list on the NDX .
When it comes to buying stock, knowing where to find certain types of stock is important. Each market often specializes in slightly different types of stocks.
The markets are largely where folk and firms trade instruments. The market is the arena in which the players gather to trade.
The New York Stock Exchange has been around since 1792. It is located on Wall Street in New York City. The NYSE is the largest and best-known stock exchange in the country. It also has very stringent requirements for companies to join its listings. A company must be financially strong and show signs of being an industry leader to join the NYSE. Companies strive to belong to this market, and even pay annual fees for membership.
When a brokerage describes itself as a member of the NYSE it means that the firm has bought a seat on the floor of the NYSE. This means that there is actually a employee on the floor of the exchange buying and selling stock. This is an expensive investment for a firm, costing well over a million dollars.
The American Stock Exchange is similar to the NYSE in that it conducts its trading on a trading floor. The floor is filled with traders who buy and sell securities. The AMEX has been located in Manhattan since 1921. It is known as a major exchange for not only stocks, but also options. You will tend to find slightly riskier and smaller stocks listed on the AMEX, which operates under the NASDAQ-AMEX Market Group, a subsidiary of the National Association of Security Dealers.
NDX , or the State Association of Stocks Dealers Automated Quotations, is the youngest of the 3 major markets. It may be the one you've heard the most about through the news. It lists nearly every stock in the sector, but it's best known for listing technology corporations. Actually it is where you'll find many major tech stocks, including Microsoft and Intel. It launched in 1971 and was the 1st over the counter market. It links consumers and sellers through a PC network.
Agents and brokers will market the stocks by maintaining an inventory in their own accounts. They are going to buy or sell when they receive an order from a backer. You'll find that start up firms that are issuing stock in a preliminary public offering will generally list on the NDX .
When it comes to buying stock, knowing where to find certain types of stock is important. Each market often specializes in slightly different types of stocks.
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