What Are Two Common Stock Exchanges ?
Stock markets are where stockholder and investors in shares either make or break their fortune. Any investment carries certain amount of risk and investors should be ready to absorb this risk without feeling the pinch. |
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While there are many stock exchanges, the two most important stock exchanges for common stock in the United States are the New York Stock Exchange and NASDAQ.
The New York Stock Exchange (NYSE) trades around $21.79 worth of shares. It is the largest stock exchange in the world when it comes to dollar value. It has 2,764 securities listed on the exchange and this makes it the second most securities out of the stock exchanges in the world. The NYSE is also known as the Big Board.
The NYSE started on May 17, 1792, the day the Buttonwood Agreement was by 24 stock brokers. The agreement gets its name from the Buttonwood tree under which the agreement was signed. The first office of the stock exchange was rented on a monthly basis for $200. However, the original NYSE was razed to ground in 1835 when the great fire of New York occurred. The NYSE was soon rebuilt and moved to Broad Street, its current location.
The NASDAQ is an acronym for the National Association of Securities Dealers Automated Quotation System. This stock exchange trades $11.81 trillion shares. It is the largest electronic equity trading market in the United States.
The NASDAQ has 3,200 listed companies and it trades more shares in volume each day compared to any other stock exchange in the world.
This stock exchange was formed by the National Association of Securities Dealers in 1971.
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