There are two major marketplaces for stocks in the US, the Nasdaq and the NYSE.
ID: 2662681 • Letter: T
Question
There are two major marketplaces for stocks in the US, the Nasdaq and the NYSE. Recently, the Nasdaq has been actively pursuing major companies who list their stock for trading on the NYSE, to encourage them to also list on their system. Their newest prize: Hewlett Packard. A couple of decades ago, it was more prestigious to list your company's stock on the NYSE and most major US corporations did so. However, the Nasdaq has listed formerly small companies like Microsoft and Intel. Now they are giants and are included in the Dow Jones Industrial Average. Yet both see no need to list their shares on the NYSE. The NYSE is not backing down from this competition either. Former chief, Dick Grasso, actively courted high-tech firms, more commonly seen on the Nasdaq, from an NYSE office in California's Silicon Valley.a. What are the fundamental differences between the Nasdaq and the NYSE?
b. Why would a firm select one of these markets versus the other? What is the advantage of listing your firm's stock on both?
c. Do firms and investors need these markets at all?
Explanation / Answer
Dear student This is an idea solution solution but not the full solution The market place in Us are NASDAQ and the NYSE are major companies , Company have its own rule for pricing a product,The newest price of Hewlett Packard aer their own critera.