Introduction to Financial Management Essay

ABSTRACT In the United States we have two different kinds of stock exchange the NYSE and the NASDAQ even though they have some similarities they are different in so many different ways. This paper will discuss how the NYSE and the NASDAQ operate, how they are different and what is the public company accounting and investor protect act of 2002. When we discuss the stock market we discover that it is an organization where equities are exchanged between buyers and sellers and the first thing that should come to our mind is either the New York Stock Exchange (NYSE) or National Association of Securities Dealers (NASDAQ). They are two exchanges who account for the trading of a major portion of equities in the United States and the entire world. The NASDAQ and NYSE both use and are on a screened based electronic stock exchanges they both use electronic screens during trading of stock. The NYSE and NASDAQ are very different in the way they operate and in the types of equities they trade. In order to understand the differences between both we have to take a look at how stocks are traded and bought and the location of an exchange also plays a great role in where and how the transactions take place. In the NYSE, all trades occur in one place, on the trading floor in New York City, as we have seen on so many movies and you observe individuals on the floor usually in red jackets waving their hands on or ringing a bell before opening the exchange for trading, these individuals are through whom stocks are transacted on the NYSE. These exchanges consist of the majority of the equities traffic in the United States, as well as the major exchange traders in the United States and these two exchanges are also a part of the Stock Exchange Commission. The NASDAQ and the NYSE both conduct trading of stock equities as well as help to meet the buyer and supplier. They are many differences between NYSE & NASDAQ; the listing requirements for NYSE are much higher compared to the NASDAQ. The NASDAQ is and over the counter based market while the NYSE is auction market. The NYSE deals with small and midsized organizations and has specialists to manage that specific stock this feature is not incorporated in to the NASDAQ and the NYSE is not publicly traded while on the other hand the NASDAQ functions within the majority field of technological clients. The NASDAQ the public to trade stocks on it. The NASDAQ is not located on a physical trading floor that we see on television but it is on a telecommunications network. The individuals that work there are trading takes place directly between investors and their buyers or sellers, who are the market makers through an elaborate system of companies electronically connected to one another. CONCLUSION In conclusion, business as well as movies goes through their ups and downs it is essential to have a good business plan to ensure success in what you pursue. There is no question that having a good business plan is important and it takes a lot of work. When it is completed your efforts will pay off. As time goes on you will find out what works for your business and what doesn’t. As your business evolves, you’ll find that older versions of your plan provide a helpful reminder of how far you’ve come. REFERENCES www.ehis.ebscohost.com.proxy.cecybrary.com www.sba.gov/category/navigation-structure/starting-managing-business/starting-business/how-write-business-plan