Page 19 - HP3A 011 Stock Market

be bought electronically from any

place in the world or bought in the

physical location NYSE provides. An

individual in charge of the trading

process will submit the order

electronically and send it to the

designated market to make the deal

the agreed price. happen. However, this job is only

The New York Exchange, known done when there are no other buyers

as NYSE, is an example for a or sellers in the physical location.

hybrid market. It facilitates the The National Association of

trade between two parties by Securities Dealers Automated

providing a market place. It is a Quotation, also known as NASDAQ,

hybrid market because stocks can is a virtual exchange system.