Introduction to Financial Management Essay

ABSTRACTIn the United States we have two unalike kinds of armoury exchange the big board and the NASDAQ even though they have some similarities they argon different in so many different ways. This paper will discuss how the big board and the NASDAQ wreak, how they are different and what is the public company accounting and investor cherish act of 2002.When we discuss the stock market we discover that it is an organization where equities are exchanged between buyers and sellers and the commencement exercise thing that should come to our mind is either the New York Stock Exchange (NYSE) or National draw of Securities Dealers (NASDAQ). They are two exchanges who account for the trading of a major portion of equities in the United States and the inbuilt world. The NASDAQ and NYSE some(prenominal) use and are on a screened based electronic stock exchanges they both use electronic screens during trading of stock. The NYSE and NASDAQ are very different in the way they operate and in the types of equities they trade. In order to understand the differences between both we have to take a count on at how stocks are traded and bought and the location of an exchange also plays a great role in where and how the proceedings take place.In the NYSE, all trades occur in one place, on the trading floor in New York City, as we have seen on so many movies and you observe individuals on the floor ordinarily in red jackets waving their hands on or ringing a bell in the lead opening the exchange for trading, these individuals are through whom stocks are transacted on the NYSE. These exchanges consist of the mass of the equities traffic in the United States, as well as the major exchange traders in the United States and these two exchanges are also a part of the Stock Exchange Commission. The NASDAQ and the NYSE both conduct trading of stock equities as well as help to meet the buyer and supplier. They are many differences between NYSE & NASDAQ the listing requirements for NYSE are much higher compared to the NASDAQ.The NASDAQ is and over the counter based market succession the NYSE is auction market. The NYSE deals with small and midsized organizations and has specialists to manage that specific stock this feature is not bodied in to the NASDAQ and the NYSE is not publicly traded while on the other hand the NASDAQ functions within the majority field of technological clients. The NASDAQ the public to trade stocks on it. The NASDAQ is not located on a personal trading floor that we see on television but it is on a telecommunications network. The individuals that work on that point are trading takes place directly between investors and their buyers or sellers, who are the market makers through an set forth system of companies electronically connected to one another.CONCLUSIONIn conclusion, business as well as movies goes through their ups and downs it is essential to have a good business plan to ensure success in what you pursue. There is no questi on that having a good business plan is important and it takes a upsurge of work. When it is completed your efforts will pay off. As time goes on you will find out what whole kit and caboodle for your business and what doesnt. As your business evolves, youll find that older versions of your plan provide a helpful monitoring device of how far youve come.REFERENCESwww.ehis.ebscohost.com.proxy.cecybrary.comwww.sba.gov/category/navigation-structure/starting-managing-business/starting-business/how-write-business-plan