tailieunhanh - Forex Revolution insider s guide to trading the world stock markets_2

Tham khảo tài liệu 'forex revolution insider s guide to trading the world stock markets_2', tài chính - ngân hàng, ngân hàng - tín dụng phục vụ nhu cầu học tập, nghiên cứu và làm việc hiệu quả | 11 they represent even if it means risking their own capital to bridge what they hope are temporary gaps in the market. There are three ways in which you can place a market order. You could place an order through your broker on the Internet or by phone. Your broker then sends your order to the NYSE floor where a floor broker who represents your broker approaches the specialist with your order. The price of your order will be confirmed through your broker. Once your broker receives your order he she could submit your order through a SuperDot machine which is a computerized system that sends your order directly to the specialist. From there your order is fulfilled at the exact price and number of shares and sent back to your broker who then informs you of the news. Skip the broker and place the order yourself on a level II order entry software system that contains a superDOT button for order execution. Send the order directly to the specialist and wait a minute or two for a response. 12 NASDAQ The ownership of stock is traded very differently in the NASDAQ market than in the NYSE. First of all the NASDAQ is a negotiated market where buyers and sellers fiercely compete for the best prices. Second there are no specialists on the floor maintaining orders and acting as auctioneers. Therefore all the transactions are based on a system where bids and offers are extended or posted on an electronic system. Third most of the participating companies are newly formed businesses and evolving technology companies that lack a long history as proof of sustained business practices. This widely known fact is what makes the NASDAQ market so volatile and speculative. The NASDAQ is comprised of levels one and two. The first level is considered the basic inside market. This area has the best current buying and selling prices and is used by stockbrokers and online investors who are committed to longer-term stocks. Level two is where the daily action happens and where