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NYSE and NASDAQ. Forms of a business organization. - Essay Example
Author : ameliaboyle
Finance & Accounting
Pages 4 (1004 words)
NYSE and NASDAQ. Forms of a business organization.
The New York stock exchange was originated in the year 1792. Because of its tremendous working history NYSE is regarded as one of the most competitive stock exchange in the world. …
Formerly, NYSE had been operating as a privatized organization but in 2005 it was turned into a public body. It also had a merger with European Exchange in the year 2007. In order to cope up with this era of efficient and advanced technology NYSE has an advanced computerized system and more than 50% of its trading takes place electronically. (Stock Market Investing Guide) National Association of Securities Dealers Automated Quotations (NASDAQ) dates back its origin to 1790. It became a public company in 1987. It is the first company that sold and offered its own technology to empower other exchanges of the world. NASDAQ is also the first exchange to offer double listing and it has also consolidated the Global Market to great extents. NASDAQ has improved its technology, trade and business magnificently since last few years. Innovation lies in the roots of the company. They work to collaborate the dreamers with the doers. After a consistent and efficient growth rate since last 10 years NASDAQ now operates in 26 different locations with in 17 countries. To control the functions of such an immense organization scientific technology is a necessity therefore NASDAQ has a completely computerized system where all the trading takes place electronically. ...