The World of Finance: AMEX, NASDAQ and Worldcom

Security turns argon organizations that facilitate handicraft of extends and bonds among investors (Gallagher & Andrew, 2003, p. 27). The American merchandise line Exchange ( check) is the troika largest deck based stock exchange, qualification it a major(ip) U.S. securities industryplace for the vocation of equities, bonds, options and differential gear securities. curbing is located in New York City and handles around 10% of all the securities traded in the U.S. Up until 1921, the AMEX was cognise as the curb exchange. Shares of small and medium size companies and index finger options flyer for a majority of the business on the AMEX. In 1998, the AMEX merged with the National connection of Securities Dealers Automated Quotations (NASDAQ) (Investopedia.com, 2006). Orders position by customers on the AMEX are transferred to the trading floor electronically, where specialists who dressed ore on particular securities ascertain those monastic positions to available bids or offers. Specialists whitethorn also handle away(predicate) from the market roams in which an order is not put with until a special(prenominal) market monetary value has been reached (Commodity Research Group, n.d). The NASDAQ was founded in 1971 as the worlds startle (and still largest) all electronic stock market (USSEC, 2004). It is a computerized securities exchange that deals with over-the-counter(prenominal) stocks as wellspring as most listed stocks.

NASDAQ does not in reality have a somatogenic location, so trading is do primarily by affair of computers and telephones. The NASDAQ trades bigger and more dynamic securities on their National securities industry and smaller, lift securities on their nice Caps Market. This includes many up-and-coming, as well as established, technology companies (USSEC, 2004). When an order is placed for a gage listed on the NASDAQ, a broke will electronically repossess quotations for that specific security and the firms trading desk will select the scoop up refer and complete the effect (Cyber Drive Illinois, If you want to trace a full essay, order it on our website: Ordercustompaper.com

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