Here’s the basic premise …. Although the New York Stock Exchange is the oldes and best known of the stock market trading centers, trading takes place in significant amounts in other areas: the Nasdaq, or over-the-counter, market; the America Stock Exchange; third markets, where off-the-floor trades take place; various optior exchanges; other regional stock exchanges; [...]
Archive of posts tagged Banking
Investment Banking
Just as economies of scale and specialization create profit opportunities for financial intermediaries, so too do these economies create niches for firms that perform specialized services for businesses. We said before that firms raise much of their capital by selling securities such as stocks and bonds to the public. Because these firms do not do [...]