chapterTheGlobalStockMarket(国际投资,英文版).pptVIP

Secondary Market Once securities are issued in the primary market, they can begin trading in the secondary market Types of secondary markets Organized exchange run by dealers (NYSE) Electronic market in which dealers compete with one another (Nasdaq) Electronic communication networks Francis Ibbotson * * 第三十页，共六十七页。 NYSE Francis Ibbotson * * 第三十一页，共六十七页。 NYSE Each stock traded on the NYSE is assigned a specialist who must Continuously post bid and ask prices for the stocks in which they make a market Stand at assigned posts on the trading floor Act as market-makers (dealer) Always ready to b