Types of Stock Exchanges
Types of Stock Exchanges
Types of Stock Exchanges
As mentioned in our previous article, Young Businessman Metin Liçis provided us with information about the types of stock exchanges.
Successful businessman MEtin Liçis enlightened us about stock exchanges both globally and in Turkey.
NYSE (New York Stock Exchange):
He mentioned that it is one of the largest stock exchanges in the world and hosts shares of many leading companies.
NYSE operates as an auction-style exchange where buyers and sellers compete in real-time for stocks. Liçis also noted that unlike Nasdaq, investors on NYSE can buy and sell shares directly without a broker.
Liçis listed some requirements that a company must meet to be listed on NYSE:
- – The market value must be at least $100 million.
- – It must have at least 1.1 million publicly traded shares.
- – It must show at least $12 million in annual pre-tax income for the last three fiscal years.
- – It must have earned at least $2 million in profit over the past two years.
He emphasized that NYSE broke records by conducting more than 5 billion share transactions during its merger with the European exchange Euronext in 2007, forming “NYSE Euronext.”
Types of Stock Exchanges:
Nasdaq:
He said it was established in 1971 and is the world’s first technology exchange focused on technology companies.
Today, Nasdaq houses over three thousand publicly traded companies, but unlike NYSE, Nasdaq operates through market regulators rather than an auction style.
He also highlighted that it is a fully digital market, with a monthly trading volume exceeding $1.2 trillion.
Borsa Istanbul (BIST):
He mentioned that it was established in Turkey in 2012 and that BIST trades shares, stock exchange-traded funds, precious metals, and contracts approved by the Capital Markets Board.
Liçis also stated that BIST covers sectors including manufacturing, banking, information technology, real estate, chemicals, food, and pharmaceuticals.
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