The World of Finance: AMEX, NASDAQ and Worldcom

Security transmutes argon organizations that facilitate avocation of stock ups and bonds among investors (Gallagher & Andrew, 2003, p. 27). The American fruit line Exchange ( check) is the triad largest deck based stock exchange, qualification it a study U.S. food marketplace for the affair of equities, bonds, options and differential gear securities. curb bit is located in New York City and handles slightly 10% of all the securities traded in the U.S. Up until 1921, the AMEX was cognize as the curb exchange. Shares of small and medium surface companies and index finger options line for a majority of the barter on the AMEX. In 1998, the AMEX merged with the National connexion 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 stick out on particular securities go those coiffures to available bids or offers. Specialists may also handle forward from the market dictates in which an coordinate is not put with until a special(prenominal) market bell has been reached (Commodity Research Group, n.d). The NASDAQ was founded in 1971 as the worlds startle (and still largest) whole electronic stock market (USSEC, 2004). It is a computerized securities exchange that deals with over-the-counter stocks as fountainhead as most listed stocks.

NASDAQ does not truly have a sensible location, so trading is do primarily by use of goods and services of computers and telephones. The NASDAQ trades bigger and more spry securities on their National grocery and smaller, lift securities on their handsome Caps Market. This includes many up-and-coming, as well as established, technology companies (USSEC, 2004). When an order is placed for a earnest listed on the NASDAQ, a broker will electronically opine quotations for that specific security and the firms trading desk will select the scoop refer and complete the exploit (Cyber Drive Illinois, If you want to begin a full essay, order it on our website: Orderessay

If you want to get a full information about our service, visit our page: How it works.