chapter 15 Flashcards
1
Q
What type of stocks are traded on the AMEX?
A
The American Stock Exchange (AMEX) is also based in New York, and focuses on the trading of stocks representing smaller firms.
2
Q
What is the OTC Market? P. 433 Review the information on NASDAQ OMX group
A
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.
3
Q
What is an Electronic Communications Network (ECN)?
A
are computer systems that match desired purchases and sales of stocks.
