chapter 15 Flashcards
(3 cards)
What type of stocks are traded on the AMEX?
The American Stock Exchange (AMEX) is also based in New York, and focuses on the trading of stocks representing smaller firms.
What is the OTC Market? P. 433 Review the information on NASDAQ OMX group
an electronic communications network that allows investors to buy or sell securities. It is not a visible facility like the organized exchanges. Trades are communicated through a computer network by market-makers , who execute the trades on the OTC and earn commissions in the form of a bid-ask spread.
What is an Electronic Communications Network (ECN)?
are computer systems that match desired purchases and sales of stocks.