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The National Association of Securities Dealers Automated Quotations (NASDAQ) and the New York Stock

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The National Association of Securities Dealers Automated Quotations (NASDAQ) and the New York Stock Exchange (NYSE) are two of the largest and most known stock exchanges across the globe. Both of these stock exchanges handles and mediates the trade, sale, and purchasing of different stocks, bonds, and securities. While both of these stock exchanges have their own unique methods and forms of purchasing and selling stocks, they both serve the same purpose and function, which is a marketplace for the sales of stocks. While the differences between NYSE and NASDAQ do exist, they are comparatively miniscule to the similarities that exist between them. Their main objective and purpose is the same: to allow companies to contribute stocks and to …show more content…

On October 29th, 2012, the NYSE was forced to shut down operations for two days in lieu of Hurricane Sandy, which severely impacted their stock sales and purchasing exchanges. NASDAQ had no issues during this time because they don’t utilize a physical location for trading. This is one of the larger disadvantages that NYSE has when compared to NASDAQ, which had no trouble working past the storm through their electronic communications model. [IMPACT, MORE INFO] The New York Stock Exchange utilizes the NYSE Euronext, integrating an electronic stock exchange model with their in-person trading floor model in 2007. This change introduced the NYSE as the first global stock exchange through their integration of the electronic stock exchange model introduced by Amsterdam-based Euronext [10]. Despite their electronic stock exchange, buyers and sellers still meet on the NYSE floor in-person to negotiate the sales and purchase of the stocks. The NYSE is one of the only remaining stock exchanges where physical interactions are necessary for stock sales and purchases.
Auction Market
All trades in the New York Stock Exchange is done through an auction format. Buyers and sellers stand together on an open floor to trade certain amounts of shares of stocks from publicly traded companies, all of which are registered in the NYSE. Traders are able to make stock transactions in place of their investors. Traders will

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