Questions: Which of these characteristics apply to the New York Stock Exchange (NYSE)? Select all that apply. No actual trading floor Specialists Brokers Physical trading floor

Which of these characteristics apply to the New York Stock Exchange (NYSE)? Select all that apply.
No actual trading floor
Specialists
Brokers
Physical trading floor
Transcript text: Which of these characteristics apply to the New York Stock Exchange (NYSE)? Select all that apply. No actual trading floor Specialists Brokers Physical trading floor
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Solution

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Answer

The answers are:

  • Specialists
  • Brokers
  • Physical trading floor
Explanation
Option 1: No actual trading floor

This option does not apply to the NYSE. The New York Stock Exchange is known for its iconic physical trading floor located on Wall Street in New York City, where traders conduct transactions in person.

Option 2: Specialists

This option applies to the NYSE. Specialists, also known as designated market makers, are responsible for maintaining fair and orderly markets for specific stocks. They facilitate trades and provide liquidity by buying and selling stocks from their own accounts when necessary.

Option 3: Brokers

This option applies to the NYSE. Brokers act as intermediaries between buyers and sellers, executing trades on behalf of their clients. They play a crucial role in the functioning of the NYSE by facilitating transactions.

Option 4: Physical trading floor

This option applies to the NYSE. The NYSE is famous for its physical trading floor, where traders and brokers gather to execute trades. Although electronic trading has become more prevalent, the physical trading floor remains an important aspect of the NYSE's operations.

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