NYSE and Nasdaq: the US equity markets

“ A random walk down Wall Street.”

Burton Malkiel

“ Wall Street: A thoroughfare that begins in a graveyard and ends in a river.”


  • The New York Stock Exchange (NYSE) is the main US exchange. It is the world’s largest equities market, based on company size, tracing its trading origins in lower Manhattan to 1792.
  • In recent years, the NYSE’s position as the dominant US stock exchange has been challenged by the Nasdaq. Run by the National Association of Securities Dealers, this automated quotation (hence Nasdaq) system was the first screen-based, non-centralised stock market and now ranks as the world’s second-largest marketplace by value of companies listed.
  • The Dow Jones Industrial Average (DJIA), ...

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