Report for a Group of New Stock Brokers about AMEX/NASDAQ
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You have been asked to write a report for a group of new stock brokers about the American Stock Exchange and the NASDAQ.
Visit both the American Stock Exchange (AMEX): http://www.amex.com, and the NASDAQ: http://www.nasdaq.com , and write a paper on how the two exchanges operate.
Make sure to address the following three questions:
How are AMEX and NASDAQ similar, if at all?
How are the two exchanges different from one another, if at all?
How has the Former WorldCom Inc. Chief Executive Bernard Ebber's case affected WorldCom Inc., and the Telecommunication industry? Explain. (Hint: You may visit each site's Press Room/Release for possible leads).
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Solution Summary
This paper addresses the following questions:
How are AMEX and NASDAQ similar, if at all?
How are the two exchanges different from one another, if at all?
How has the Former WorldCom Inc. Chief Executive Bernard Ebber's case affected WorldCom Inc., and the Telecommunication industry?
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This paper is an original answer to the question posed. I wrote this over 2 years ago but never posted it for any other students to use. The Internet links in the reference list were checked and were found to be valid at the time of the original writing. However, I would like to stress that it is discouraged to utilize this paper, or any other paper you receive from services such as this, as your final, submitted work. It is meant to give you a starting point on which to build.
When discussing the contrasting issues related to the American Stock Exchange (AMEX) and the National Association of Securities Dealers Automatic Quotation System (NASDAQ), it is first necessary to define what each of them are. The AMEX is a securities trading facility. It operates as an open auction market which requires "specialists" to facilitate the continuous trading. The AMEX offers trading on a wide variety of investment products such as stocks, options exchange traded funds and structured products. All of these products trading values are determined by public bids to buy and offers to sell. Public orders are given priority and all orders are executed by price and time regardless of order size or who is making the order. This, in theory, affords the investor equal opportunity at the best price available.
The NASDAQ on the other hand operates in an entirely screen-based equity securities market. It is a based upon a competing dealer system where the bid and ask quotes are continually posted on an electronic posting screen. What that means is that there is no open trading floor where specialist and ...
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