Listing – the primary and secondary market

Nominated Broker
facilitates trading in the company’s shares and gives ongoing information about the company to interested parties

Stock Exchanges

Stock exchanges (also known as stock markets) have been around for centuries
At certain times, these floors became very noisy and busy and the trading was therefore described as open outcry.
They began simply as meeting places where investors gathered to discuss companies and their shares, and to trade shares
As they became more formal, these meeting places became the trading floors of exchanges, where traders made deals face to face.
Today, many of these exchange floors have been replaced by sophisticated electronic dealing systems run on computer systems that now operate in major cities throughout the world.

World Stock Markets - USA

USA
Almost half of all stock exchange activity takes place in the USA
New York Stock Exchange
Wall Street, New York
National Association of Securities Dealers Automated Quotation system
Largest stock exchange in the world by market capitalisation
Trades the shares of US companies and many major international companies
Still uses a trading floor using ‘open outcry’ trading
Larger number of Cos. Traded but lower volumes of shares
Larger size Cos. Traded but smaller number of Cos.
Hybrid system
Auctioneers bring buyers and sellers together (continuous auction format) but 50% of orders delivered to the floor are electronic
Electronic stock exchange with 3,000 plus companies listed – 3rd largest stock exchange in the world
Known as a high-tech exchange – telecoms, media or technology
Market makers are used to facilitate electronic exchanges – provides sell and buy prices (bid and ask prices)