What are the major differences between NYSE and NASDAQ?

Carey: What are the major differences between NYSE and NASDAQ?
What are the major differences between NYSE and NASDAQ?

Answers and Views:

Answer by ADAMSMITH
The NYSE is an auction market that uses floor traders to make most of its trades. Each stock on the NYSE has a specialist; this is a person who oversees and facilitates all of the trades for a particular stock.

The Nasdaq, on the other hand, is not a physical entity.The Nasdaq is an over-the-counter (OTC) market and it relies on market makers rather than specialists to facilitate trading and liquidity in stocks Nasdaq is a communications network between thousands of computers. Instead of brokers calling out orders, market makers place their names on a list of buyers and sellers, which is then distributed by the Nasdaq in a split second to thousands of other computers.