Why would someone who works for NYSE not like NASDAQ?

Pandora93: Why would someone who works for NYSE not like NASDAQ?
It seems like they’re the same thing as far as *I* can tell. They both have to do with stocks. I looked them up, but I don’t see a difference between them except that NYSE is larger than NASDAQ when I would have guessed that NASDAQ was larger. Oh well, I just wondered.

Answers and Views:

Answer by jeff410
There are different requirements companies must meet to list their stock on the NYSE and NASDAQ.

Answer by David
The NYSE is the most prestigious stock exchange in the world. Not every company qualifies to be listed there because of strict listing requirements. The largest companies in America are listed here.

The Nasdaq is where startup businesses begin. Someone at the NYSE might look down their nose at the Nasdaq companies as flash-in-the-pan, here today, gone tomorrow. Home of the penny stocks, some people don’t take these companies seriously, or dismiss them as too risky.

Answer by Ron
If you really want to understand how and why they are bitter enemies try to find the book “King of the Club” by Charles Gasparino. Amazingly enough I found it at a dollar store (for a dollar). It’s actually the story of Richard Grasso who became the head of the NYSE but the book goes into great detail of how the NASDAQ started and how hard the NYSE fought to keep them from getting as big as it is. It’s a great read with a lot of history and great information in it. At one time it cost company’s about $ 500,000 to be listed on the NYSE but only cost company’s about $ 5,000 to be listed on the NASDAQ. The NASDAQ believed more in small businesses and making sure the people could get the best price for a stock whereas the NYSE always believed in the market makers and letting them set the prices. It really is a very informational and educational book. Hope you get it and enjoy the read.