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    American Stock Exchange and the NASDAQ

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    You have been asked to write a report for a group of new stockbrokers 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 2-3 page 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 Preview

    Please see response attached, also presented below. I hope this helps and take care.


    The first thing to do is to visit the two websites to familiarize yourself with NASDAQ and The American Stock Exchange.

    NASDAQ has a fully redundant trading system and has the ability to operate all NYSE securities on its single platform in the event of an emergency. Trading interest at multiple price levels- participants can enter unlimited quotes and orders at multiple price levels. Full anonymity- Anonymity offered through the SIZE market participant identifier (MPID) in NASDAQ Market Center allows participants to minimize the market impact that accompanies the working of large orders, while still exposing such blocks to large pools of marketable and non-marketable liquidity. While NASDAQ is highly confident of its reliability and performance, and its readiness for the capacity needs on the Russell Rebalance, it also works closely with the industry to prepare contingency scenarios for emergency events. NASDAQ continually prepares and publishes contingency scenarios. What are the benefits of the NASDAQ market center? Launched in March 2004, NASDAQ's enhanced trading platform has dramatic system capacity, reliability, speed, and numerous functionality features such as FIX, anonymity, and Multiple Participant IDs.

    The American Stock Exchange is one of the largest options exchanges in the world. Puts and calls are traded on domestic stocks, American Depositary ...

    Solution Summary

    This solution compares AMEX and NASDAQ on similarities and differences, and explains how the Former WorldCom Inc. Chief Executive Bernard Ebber's case affected WorldCom Inc., and the Telecommunication industry.