Secondary Equity Markets Classification

Secondary Equity Markets Classification - 4-1Secondary...

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Unformatted text preview: 4-1Secondary Equity Markets ClassificationPrimary Listing MarketsNYSE, AMEX, Tokyo, and LSERegional MarketsChicago, San Francisco, Boston, Osaka, Nagoya, Dublin, CincinnatiThird Market Dealers/BrokersMadoff Investment Securities, Knight Trading Group, Jefferies Group, ITGAlternative Trading Systems4-2New York Stock Exchange (NYSE)Largest organized securities market in the United StatesEstablished in 1817, but dates back to the 1792 Buttonwood Agreement by 24 brokersAt the end of 2007, approximately 2,850 companies with securities listed on NYSETotal market value nearly $14 trillion2007 average daily volume of about 2.55 4-3Exhibit 54-4Exhibit 64-5American Stock Exchange (AMEX)Traded unlisted stocks at the corner of Wall Street in as the Outdoor Curb Market in 1910Historically, it had an emphasis on foreign securities and warrantsMerged with the NASDAQ IN 1998 but in 2005 NASDAQ sold the AMEX back to its members....
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This note was uploaded on 01/19/2012 for the course FIN 4360 taught by Professor Davidbray during the Spring '12 term at Kennesaw.

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Secondary Equity Markets Classification - 4-1Secondary...

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