In the American stock exchange system, the dominant position belongs to the New York Stock Exchange. At the same time, the leading role of this organization does not create any kind of monopoly in the stock market. There are other American exchanges that take their place in the system. For example, the second most important American Stock Exchange. She is also based in New York City. In addition, the regional American exchanges and the Chicago Options Exchange play a prominent role.
It should be noted that over-the-counter trading plays a prominent role in the US stock market. Currently, the main platform for such activities is the NASDAQ electronic securities trading system (NASDAQ). This American stock exchange was launched by the National Association of Stock Dealers. Started working in the market in 1971.
Today, this platform is the leader in the number of American and foreign companies whose shares are sold on the stock market. Trading volumes at NASDAQ exceed the combined indicators of all US exchanges combined.
NASDAQ System
It can be exaggerated to say without fear that any financier or person associated with the economy today knows, or at least has heard of the concept of “stock exchange”. NASDAQ is the largest securities market in America, and has been a leader in the world for quite some time.
The founder and owner of this American exchange is the NASDAQ OMX Group. Experienced financiers know that it is profitable and uncomplicated to trade in securities at NASDAQ. By the way, I must say that this system is the largest electronic resource in the world.
The emergence of NASDAQ and stages of development
The history of the electronic securities trading system dates back to 1971. Then, on behalf of the US Congress, over-the-counter stock market research was conducted. Initially, trading was carried out using a regular telephone. In 1987, the financial market plunged into crisis and collapsed. NASDAQ management has introduced electronic order placement. This system is called SOES.
In the 90s of the last century, some American exchanges became part of the NASDAQ. First merged 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 have enabled NASDAQ in the first decade of our century to gain a reputation as one of the best and largest electronic stock exchanges. By such indicators as the turnover of the American dollar and securities, this organization has taken a leading position in the world. Today, NASDAQ is rightfully included in the top three US exchanges.
Advantages and disadvantages
American exchanges have both obvious advantages and disadvantages. This also applies to the NASDAQ system. Today, 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 securities of new investors and well-known brands every day.
The advantages of the NASDAQ exchange attract investors and traders from all over the world. A high volatility indicator that distinguishes this exchange from its competitors is the main advantage. Among the minuses of the exchange, one can distinguish a large spread (spread), that is, the difference between the optimal sale price and the purchase price of the asset. But risk is a noble cause.
High tech
It must be emphasized that since its inception, NASDAQ has been primarily aimed at working with companies and corporations involved in the production and development of high technologies. And today the exchange continues active cooperation with similar organizations. At NASDAQ, such famous brands as Google Inc, Intel Corporation and Microsoft Corporation trade in. Recently, the American currency and securities exchange NASDAQ began to attract more and more companies and individuals from the countries of the former USSR provided by its services and capabilities.
Finally
It is necessary to mention when the opening of American exchanges in Moscow time occurs. For example, the New York Stock Exchange opens at 16:00, and the Chicago Stock Exchange at 17:00, open until 1:00 and 2:00, respectively. The NASDAQ Securities Trading System is open from 5:30 p.m. until midnight.