Similarities & Difference between NASDAQ & NYSE
Similarities between Both Markets
The NYSE and the NASDAQ have the following similarities – The NASDAQ and NYSE equally use and are screen based electronic stock exchanges which means they utilize electronic screens during trading. Both of these exchanges consist of the majority of the equities traffic in the United States. as well as the major exchange traders in the United States. These two exchanges are also synchronized by the Stock Exchange Commission. The NASDAQ and the NYSE partake in the trading of stock equities as well as help to meet the buyer and supplier. Differences between NYSE & NASDAQ
The NYSE and NASDAQ have the following inconsistencies. The listing requirements for NYSE are higher when compared to the NASDAQ. The NASDAQ is and over the counter market while the NYSE is auction market based. The NYSE deals with small and midsized organizations, while on the other hand the NASDAQ functions within the majority field of technological clients. While each stock within NYSE has specialists to manage that specific stock, this feature is not incorporated in to the NASDAQ. The NYSE is not publicly traded while the NASDAQ is, allowing the public to trade stocks on it (NYSE And NASDAQ, n.d )
The WorldCom Inc was a telecommunication corporation. Bernard Ebbers was the former Chief Executive of the corporation. He was ultimately found guilty of accounting crimes which lead to a huge scandal. He constructed the unification with MCI, which at the time was the largest technology company in the US. This merger allowed a breakthrough into the monopoly AT&T had on the telecommunication industry at the time. The Scandal cause by Ebbers ultimately produced the ultimate demise and bankruptcy of the WorldCom Inc. Corporation. The accounting scandal comprised the sum of eleven million dollars, which in turn resulted in the decreased value to the investors. Mr. Ebbers created...
References: Author Unknown (2008). NASDAQ vs. NYSE Tutorial. Retrieved January 11, 2010, from http://www.investopedia.com/university/electronictrading/trading1.asp
Author unknown, The NYSE And NASDAQ: How They Work . Investopedia Staff(n.d), Retrieved on January 11, 2010 from http://www.investopedia.com/articles/basics/03/103103.asp
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