Asked by aimee parker on Jul 03, 2024
Verified
Which of the following is a similarity between the New York Stock Exchange (NYSE) and the NASDAQ market?
A) Recently,both have become privately traded companies.
B) Previously,they were for-profit companies,but now,they are not-for-profit organizations.
C) Both exchanges bought or merged with electronic exchanges.
D) Traditionally,both have been electronic markets.
E) Traditionally,both have been floor-traded markets.
NASDAQ Market
An American stock exchange known for its high concentration of technology companies, providing a platform for trading securities.
- Identify the characteristics and differences between major stock exchanges.
Verified Answer
YV
Yarlini VijeyJul 09, 2024
Final Answer :
C
Explanation :
Both the NYSE and NASDAQ have integrated with electronic exchanges to modernize and improve trading efficiency. The NYSE merged with Archipelago in 2006, and NASDAQ has acquired several electronic trading platforms over the years.
Learning Objectives
- Identify the characteristics and differences between major stock exchanges.