Which of the following statement is correct?
I. NASDAQ is a dealer market which is solely electronic and therefore has no physical trading floor. Dealers buy and sell for their own inventory.
II. The listing requirements of the NYSE are more stringent than those of NASDAQ and thus the NYSE tends to list larger firms with smaller firms being listed on NASDAQ. Note however, that larger firms can, and do, opt to remain on NASDAQ even though they qualify for NYSE listing.

Question

16-10-2019
Business

contestada

Which of the following statement is correct?
I. NASDAQ is a dealer market which is solely electronic and therefore has no physical trading floor. Dealers buy and sell for their own inventory.
II. The listing requirements of the NYSE are more stringent than those of NASDAQ and thus the NYSE tends to list larger firms with smaller firms being listed on NASDAQ. Note however, that larger firms can, and do, opt to remain on NASDAQ even though they qualify for NYSE listing.

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jepessoa jepessoa · Answer 1 · 2019-10-18T03:07:33+02:00

Answer:

The answer is: Both statements are correct

Explanation:

Only the NYSE has a physical trading floor which s located on the famous Wall Street in New York. Nasdaq trades only electronically.

Some firms that qualify for trading at the NYSE (they meet the listing requirements of the NYSE), choose to trade at Nasdaq.

The main difference between the NYSE and Nasdaq is that NYSE is an auction market (individuals can trade between each other on an auction basis) while Nasdaq is a dealer's market (participants trade through dealers).