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NY
Stock Exchange
The New York Stock Exchange traces its origins to
a founding agreement in 1792. The NYSE registered as a national
securities exchange with the U.S. Securities and Exchange Commission
on October 1, 1934. The Governing Committee was the primary
governing body until 1938, at which time The Exchange hired its
first paid president and created a thirty-three member Board of
Governors. The Board included Exchange members, non-member partners
from both New York and out-of-town firms, as well as public
representatives.
The NYSE mission is to add value to the capital-raising
and asset- management process by providing the highest- quality and
most cost-effective self-regulated marketplace for the trading of
financial instruments, promote confidence in and understanding of
that process, and serve as a forum for discussion of relevant
national and international policy issues. |
NASDAQ
NASDAQ is the largest U.S. electronic stock market. With
approximately 3,300 companies, it lists more companies and, on
average, trades more shares per day than any other U.S. market. It
is home to category-defining companies that are leaders across all
areas of business including technology, retail, communications,
financial services, transportation, media and biotechnology. NASDAQ
is the primary market for trading NASDAQ-listed stocks.
Approximately 54% of NASDAQ-listed shares traded are reported to
NASDAQ systems. |
OTCBB
Over-the-Counter Bulletin
Board (OTCBB)
The OTC Bulletin Board® (OTCBB) is a regulated quotation service
that displays real-time quotes, last-sale prices, and volume
information in over-the-counter (OTC) equity securities. An OTC
equity security generally is any equity that is not listed or traded
on Nasdaq® or a national securities exchange. OTCBB securities
include national, regional, and foreign equity issues, warrants,
units, American Depositary Receipts (ADRs), and Direct Participation
Programs (DPPs) |