Secondary Equity Markets Classification

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

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Unformatted text preview: 4-1Secondary Equity Markets Classification•Primary Listing Markets–NYSE, AMEX, Tokyo, and LSE•Regional Markets–Chicago, San Francisco, Boston, Osaka, Nagoya, Dublin, Cincinnati•Third Market Dealers/Brokers–Madoff Investment Securities, Knight Trading Group, Jefferies Group, ITG•Alternative Trading Systems–4-2New York Stock Exchange (NYSE)•Largest organized securities market in the United States•Established in 1817, but dates back to the 1792 Buttonwood Agreement by 24 brokers•At the end of 2007, approximately 2,850 companies with securities listed on NYSE•Total market value nearly $14 trillion•2007 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 1910•Historically, it had an emphasis on foreign securities and warrants•Merged with the NASDAQ IN 1998 but in 2005 NASDAQ sold the AMEX back to its members....
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Secondary Equity Markets Classification - 4-1Secondary...

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