Task: 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 about 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.
Please to provide reference and citation in APA style
The American Stock Exchange Market (AMEX) is the subsidiary option market place of the New York Stock Exchange (NYSE) Euronext. The AMEX was acquired by the NYSE in October 2008. The acquisition of the AMEX by the NYSE enabled it to become third largest option market place in the US and increasing the share of the company in exchange traded funds (ETF), closed end funds, cash equities and structured products. In this stock exchange 10% of the US securities are traded in this market (NYSE Euronext, 2008).
The National Association of Securities Dealers Automated Quotations (NASDAQ) is the largest trading market in the US that was found in the year 1971. It is monitored by the Securities Exchange Commission (SEC). It was the first electronic stock market of the world. Approximately 3200 securities are listed in the NASDAQ stock exchange. It was the first stock exchange that advertises in the general public. It also provides variety of services to the ...
This response addresses both the AMEX and NASDAQ exchanges, in terms of how they operate, their similarities and differences, and as well, this solution discusses the telecommunication industry. This solution is 550 Words and includes APA references.