True, the nyse and nasdaq are vying for supremacy in the u.s. securities markets.
The trading of American financial securities, commodities, derivatives, and other financial products takes place on stock exchanges. When trading stocks in the past, traders and brokers would physically gather in a stock exchange facility, but nowadays, most financial trading is done electronically and automatically. Nevertheless, each exchange has certain listing requirements for businesses who want to participate. Stock exchanges typically need recurring financial reports, audited earnings, and a small amount of cash. Successful startups looking to launch an initial public offering (IPO) or companies that operate publicly through shareholders must go through a stock market.
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