The New York Stock Exchange (NYSE) is the oldest and largest stock exchange in the world today. Stocks are traded at a rapid rate by the 1,366 members who have “seats” on the exchange. The history of the NYSE dates back as far as 1792 when 24 stockbrokers decided to create a place where businesses could be openly traded. As the NYSE progressed, the location of daily trading activities had to be changed on a regular basis to accommodate the increasing number of traders. Today, there are over 2,500 listings in the exchange.
The NASDAQ Stock Market is a market similar to the New York Stock Exchange (NYSE), where stocks are traded — though not on a trading floor. All the trading on the NASDAQ is done via a network of computers and phones. It all started in 1971 as a mere bulletin board service providing stock quotes. There was no way for the buyers to reach the sellers, so NASDAQ initiated a computer-based trading model to connect the two parties. It also provided over-the-counter (OTC) stocks not listed on other markets. Today, it is the largest U.S. electronic equities exchange and has more trading volume than any other stock exchange in the world. NASDAQ main board is seperated into three markets, which are NASDAQ global select market, global market and capital market, each has three entry standards.
