Question

Directions: Answer the following questions on a separate document. Explain how you reached the answer, or show your work if a mathematical calculation is needed, or both. Submit your assignment using the assignment link above.

A. In your own words, please identify two different stock exchanges in the United States. Describe the similarities and differences between the two stock exchanges. Identify one stock from each of the two stock exchanges.

Answer 1

The two main stock exchanges of USA are NYSE and NASDAQ. Both are one of the world’s biggest stock exchanges and located in New York City. The following comparison chart shows the details of both the stock exchanges:

Basis	NASDAQ	NYSE
Established	1971	1817
Acronym	National Association of Securities Dealers Automated Quotations	New York Stock Exchange
Headquarter	Times Square, New York City	Wall Street, New York City
Public or Private	Public	Owned by publicly listed Intercontinental Exchange (ICE)
Process of Trade Execution	Broker contacts market maker or use online form	Broker contacts specialist floor trader or enters it into Universal Trading Platform (UTP)

Stock traded on NASDAQ and NYSE

A stock that is traded through NYSE is ADVANCE AUTO PARTS INC (AAP). Stock traded by NASDAQ is NIKE (NKE)