American exchanges and electronic trading system
In the US stock exchange system, the dominantthe position belongs to the New York Stock Exchange. At the same time, the leading role of this organization does not create any monopoly on the stock market. There are other American exchanges that take their place in the system. For example, the second most important American Stock Exchange. It is also based in the city of New York. In addition, a significant role is played by the regional American exchanges and the Chicago Stock Exchange options.
It should be noted that over-the-counter trade playsa significant role in the US stock market. To date, the main platform for such activities is the electronic system of securities trading NASDAQ (NASDAQ). This American stock exchange was launched by the efforts of the National Association of Stock Dealers. I started working in the market in 1971.
Today, this site is the leader inThe number of American and foreign companies, whose shares are sold on the stock market. The volume of trading on NASDAQ exceeds the combined indicators of all US exchanges combined.
NASDAQ System
It is possible without exaggeration to say thatToday, any financier or economist knows or at least has heard of the concept of "stock exchange". NASDAQ is the largest trading platform of securities in America, taking the leading place in the world for quite a long time.
The founder and owner of this American exchangeis the NASDAQ OMX Group. Experienced financiers know that it is profitable and easy to conduct securities trading on NASDAQ. It should be said by the way that this system is the world's largest electronic resource.
The emergence of NASDAQ and the stages of development
The history of the electronic trading system is valuablepapers originates in 1971. Then, on behalf of the US Congress, OTC stock market research was conducted. At first, trading operations were conducted by means of a regular telephone. In 1987, the financial market plunged into a crisis and collapsed. The NASDAQ management introduced the electronic placement of orders. This system was called SOES.
In the 90s of the last century some AmericanExchange became part of NASDAQ. First there was a merger with the American Stock Exchange, and in 2007 the Philadelphia Stock Exchange was bought. In addition, in 1992, it was merged with the London Stock Exchange. Such steps allowed the NASDAQ in the first decade of this century to acquire the reputation of one of the best and largest electronic stock exchanges. On such indicators as the turnover of the US dollar and securities, this organization has taken the leading position in the world. Today, NASDAQ is one of the three best exchanges in the United States.
Advantages and disadvantages
American exchanges have both obviousadvantages, and disadvantages. This also applies to the NASDAQ system. To date, this trading platform is used by 3,700 corporations and companies from all over the world. NASDAQ is one of the most liquid exchanges with the highest level of volatility. This American stock exchange is actively developing, which attracts every day the securities of new investors and well-known brands.
The advantages of the NASDAQ exchange attract investors andtraders from around the world. A high indicator of the volatile resource, which distinguishes this exchange from competitors, is the main advantage. Among the minuses of the stock exchange, one can single out a large spread, that is, the difference between the optimal selling price and the purchase price of the asset. But risk is a noble business.
High tech
It should be emphasized that NASDAQ sinceits appearance in the first place was aimed at working with companies and corporations engaged in the production and development of high technology. And today the exchange continues active cooperation with similar organizations. On NASDAQ trading activities are such famous trademarks as Google Inc, Intel Corporation and Microsoft Corporation. Recently, the American exchange of currencies and NASDAQ securities began to attract more companies and individuals from the former USSR countries with the services and opportunities it provides.
Finally
It should be mentioned when the discovery takes placeAmerican exchanges in Moscow time. For example, the New York Stock Exchange opens at 16:00, and the Chicago Stock Exchange opens at 17:00, working until 1:00 and 2:00, respectively. The time of the electronic trading system NASDAQ securities - from 17:30 to midnight.
