Liz asked in Business & FinanceInvesting · 1 decade ago

What is the difference between the New York Stock Exchange and NASDAQ?

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  • 1 decade ago
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    Historically the nasdaq had easier listing requirements and hence alot of smaller companies got their start there. Hence the large number of tech and biotech companies there and the larger number of new issues. That difference has faded away a bit.

    The main difference has been that there is no trading floor for the nasdaq all the trading is done electronically. There are no people running around in a big room conducting transactions with each other. This has some subtle differences in market behavior at times. Some argue that the "specialists" human traders on the floor of the exchange can smooth out market movements at volatile times. Others that electronic trading is more transparent and creates a level playing field for all while a trading floor lets those on the floor have access to more information. I would say the predominance of opinion falls in the latter camp. Hence virtually every exchange is moving to 100% electronic. This is true of both stock and futures exchanges.

    That's why if you watch cnbc at all you will see the nasdaq reporter simply stands in front of a video screen while the New York Stock Exchange (NYSE) reporter is standing on a trading floor talking to people. If you want to go for a "tour" of the nasdaq in NY you will probably be disappointed you will just see that big electronic wall and some other museum type exhibits about the exchange. At least for now, for the NYSE you get to go to a visitors gallery and look down on all the trading activity.

    But the trading floor is soon to be a thing of the past. Much of the NYSE trading is now conducted electronically (like the nasdaq) and in a few years all the NYSE trading will be electronic and the nyse trading floor or at least part of it will be some kind of museum..

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    4 years ago

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  • Anonymous
    1 decade ago

    In laymen term, Nasdaq is a stock exchange for all IPO (small to medium size companies).

    Nasdaq contains the OTCBB as well.

    Any incorporation with a simple written propestus can enlist on the OTCBB and make it way higher on the Nasdaq.

    After a large asset value minumum achieve, you eventually get listed on the NYSE.

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  • Anonymous
    1 decade ago

    NYSE(world's largest stock exchange) was the first and main stock exchange in US. NASDAQ (a quoted company) is an electronic quoting and trading system and a lot younger system, It may have overtaken NYSE in volumes(or at least it did in 1990). It was predominantly for technology stocks (as I suppose they were newer companies) Like any market there is an upper blue chip element and the lower regions where the rubbish is.

  • 1 decade ago

    NASDAQ doesn't have a physical trading floor like the NYSE. Traditionally, companies with a strong tech background tend to list on NASDAQ while other companies will list on the NYSE

    Source(s): Interned at NASDAQ for a summer
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  • 1 decade ago

    more stocks finds place in NYSE - NASDAQ contains limited stock.

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