Traders members own seats specialists floor traders

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Unformatted text preview: (Spets, Floor Traders traders) except NYSE – buy “license” to trade except 4. Sale of seats must be approved (Pre-qualifications Sale must be met) must 5. Transactions tend to be centralized; advantageous Transactions for price discovery for All Rights Reserved Dr. David P Echevarria 7 SECURITY MARKETS B. Over-The-Counter (OTC) NASDAQ, NASDAQ, 1. Government Sec, Money Markets, Foreign Exchange 1. 2. Transactions tend to be decentralized; price discovery Transactions less efficient less 3. Liquidity more expensive in terms of bid-ask spreads 4. Bulletin Board: price listing for "penny" stocks 5. Pink Sheets: teeny-tiny fractional price low volume Pink stocks stocks All Rights Reserved Dr. David P Echevarria 8 SECURITY MARKETS C. Stock Market Information 1. 2. 2. 3. 4. 5. 6. 7. 8. Ticker Symbol Ticker 52-Week Price Range (Hi-Lo) Dividend Dividend Yield Price-Earnings Ratio (TTM) Volume (in hundreds = round lots) Closing Price, change from previous close Indexes (DJIA, SP500, NASDAQ) All Rights Reserved Dr. David P Echevarria...
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