Modern Stock Trading – The Changing Face of Global Exchanges

December 21, 2020 By Swapnil Suryawanshi

Modern Stock Trading  The Changing Face of Global Exchanges

Domestically, the NYSE saw meager competition for more than two centuries, and its growth was primarily fueled by an ever-growing American economy. The LSE continued to dominate the European market for stock trading, but the NYSE became home to a continually expanding number of large companies. Other major countries, such as France and Germany, eventually developed their own stock exchanges, though these were often viewed primarily as stepping stones for companies on their way to listing with the LSE or NYSE.

New York Stock Exchange - A stock market based in New York

The NYSE eventually merged with Euronext, which was formed in 2000 through the merger of the Brussels, Amsterdam, and Paris exchanges. The NYSE/Euronext merger in 2007 established the first trans-Atlantic exchange.

What happens when a stock changes exchanges :

While a lot of fanfare may occur when a stock is newly listed on an exchange—especially on the NYSE—there isn’t a new initial public offering (IPO). Instead, the stock simply goes from being traded through the OTC market to being traded on the exchange. Depending on the circumstances, the stock symbol may change.

Stock Market - What is the Stock Market and How it Works

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What are the three major stock exchanges :

But investors should understand how the three major stock market indexes – the Nasdaq composite, Dow Jones industrial average and Standard and Poor’s 500 index – operate. All are based on different stock pools and vary greatly in the size and number of companies as well as how they are weighted.

The trading floor of the New York Stock Exchange (NYSE) in 2008.

Why are there different stock exchanges :

The simple answer is differentiation. Different stock exchanges would have different listing requirements, by having only one exchange, the barrier to entry would be high and keep out a lot of companies that are growing and need capital, but don’t meet the requirements. Stock exchanges don’t have to be country-related.

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