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Subject:
NYSE and NASDAQ!
Category: Business and Money > Finance Asked by: kai2004-ga List Price: $4.00 |
Posted:
01 Nov 2004 21:50 PST
Expires: 02 Nov 2004 18:42 PST Question ID: 423286 |
Can you describe the purpose of people I see on NYSE trading floor on TV in details? A comprehensive one please, with picture would be great! Does it matter whether I invest stock in NYSE or NASDAQ? What are the difference betwene the two? |
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There is no answer at this time. |
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Subject:
Re: NYSE and NASDAQ!
From: dr_bob-ga on 02 Nov 2004 09:17 PST |
Different stocks are listed on either of the exchanges. Depending on which stock you invest in, you will be investing on a NASDAQ traded stock, or a NYSE traded stock. People running around the floor can be doing a number of jobs. Go to the various exchange websites and look up careers on Wall Street. It is a very complex process. |
Subject:
Re: NYSE and NASDAQ!
From: daytrader_7__6-ga on 02 Nov 2004 17:49 PST |
http://invest-faq.com/cbc/exch-nyse.html http://invest-faq.com/articles/exch-nyse.html Many people are the floor are "floor brokers." They might be running around because they have a large institutional order to fill. Your nyse order will likely be routed through the computer network. The specialist is still in control of the fills, but the computer does much of the buy/sell matching. The naz is one giant computer network. It does not have anyone running around anywhere. And there are many, many more aspects more important than whether a stock that you buy is nyse vs nasdaq, such as your overall investment goals, diversification, and risk tolerance. In general, the naz tends to be newer companies and tends to be more tech-oriented. The listing requirements for the nyse are more stringent, so those companies tend to be bigger and older. But *do not* read this to mean that the nyse stock is safer than the nasdaq stock. It is just as easy to lose money in either market. |
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