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NASDAQ v AMEX
NASDAQ is a U.S. electronic stock exchange that began trading in February 1971. At that time, it was the world's first electronic stock market. It is now the largest U.S. electronic stock market as it lists the most companies (approximately 3,300) and, on average, trades more shares per day than any other U.S. stock market.
The American Stock Exchange (AMEX), on the other hand, traces its origins back to colonial times when stock brokers created outdoor markets to trade new government securities; it is now the third largest stock exchange in the United States after NASDAQ and NYSE.
The AMEX is operated by American Stock Exchange LLC, a subsidiary of the National Association of Securities Dealers (NASD) who are also the operators of NASDAQ. Out of the three major American stock exchanges, the AMEX has the most liberal policies regarding company listing, and most of the companies listed on AMEX are generally smaller compared to the ones on NYSE and NASDAQ. In the AMEX, stocks, options, and exchange traded funds (ETFs) are traded centrally on the trading floor, regardless of size or source. The AMEX thus caters in particular to the small investors and the small...
("Trading on ... " 2005)
NASDAQ is the primary market for trading NASDAQ-listed stocks. However, in 2004, it introduced a single platform facility called The NASDAQ Market Center through which its clients can trade NYSE, AMEX and NASDAQ securities electronically on one trading system. The NASDAQ also introduced a Small Order Execution System (SOES) in 1984 so that orders from small investors and traders are executed automatically
. The system gives the small investors and traders the opportunity to compete on a level playing field for access to orders and execution, especially in a turbulent market. NASDAQ also offers a number of unique customer services such as a dedicated NASDAQ Director and NASDAQ Market Intelligence Desk for all NASDAQ listed companies.
("Factsheet 2005)
2. Effect of Bernard Ebbers' Case on WorldCom & the Telecommunication Industry
Bernard Ebbers, the chrismatic former CEO of WorldCom, was found guilty in March 2005 of fraud and conspiracy in the largest accounting scandal in U.S. history and sentenced to 25 years in prison. It was the culmination of the infamous WorldCom scandal that resulted in the…
References
"Bernard Ebbers." Article from Wikipedia, the Free Encyclopedia. Retrieved on October 13, 2005 from http://en.wikipedia.org/wiki/Bernard_Ebbers
"Fact sheet 2005." (2005). NASDAQ.Com. Retrieved on October 13, 2005 from http://www.nasdaq.com/about/CorporateFactSheet2005.pdf
'Trading on the Amex: Market Structure" (2005). AMEX.com. Retrieved on October 13, 2005 from http://www.amex.com/
Average daily share volume in NASDAQ-listed securities for 2004 was 1.8 billion, more than both the NYSE and the Amex.
Since inception, the Amex Composite Index has shown an increase of 57.3%, as compared to the NASDAQ Composite's gain of 26.6%, the S&P 500's gain of 7.1%, and the NYSE composite's gain of 14.3% (American Stock Exchange). Values and volumes of stocks and options at the AMEX are significant. Closing values as of 10/11/2004 at 5:07 PM ET show significant activity. As of this date, the total volume was 44,288,030,
Undoubtedly, this being a factor, the trends seen in the price inclines with Lowe's stock reports may be a trailing effect of the growth in product sales during the months prior to the apparent growth trends. Large spikes in these trends, either inclining or declining, are direct responses from this type of seasonal business. When a surge of orders and purchases has occurred, there may be several days or
Investment Analysis Investing money for the future is one of the key components of creating a secure future, and retirement. While many Americans do not plan for future years, other then a company retirement plan and social security retirement benefits, research shows that when a person takes an active role in their retirement planning, they are more likely to create a future which will support their standard of living after they
Dow Jones Industrial Average (DJIA) has been the most important source available concerning the direction and status of capital markets in the United States for more than a century (Hora & Jalbert, 2009). The DJIA is comprised of the leading publicly traded equity issues which are reported in virtually all major newspapers and news reports in the U.S. as well as other industrialized nations (Hora & Jalbert, 2009). Despite this
Literature on the Sarbanes-Oxley Act of 2002 The field of specialized literary reviews on the Sarbanes-Oxley Act is a widely spread one presenting numerous issues form various standpoints. Reviewers' opinions vary based on their position towards the bill and their prior professional expertise on white-collar crimes. Among the mostly appreciated and close to reality works are: The Impact of Regulatory Information Disclosure on Information Security Investments, Competition and Social Welfare by
Business -- Corporate Finance -- IPO SLP Facebook, Inc. is a social networking company that engaged in a simultaneously successful and flawed IPO resulting in multiple lawsuits against the company and its underwriters. Though the IPO traded on huge volume and raised $16 billion, it also reportedly resulted in the loss of $billions to investors due to stock overvaluation and supposed mismanagement. Due to these successes and failures, Facebook, Inc.'s IPO