alleryStart learning →Which is the oldest and most prestigious broker market, and when did it begin?
AThe NASDAQ, which has existed since 1971
BThe AMEX, which has existed since 1792
CThe NASDAQ, which has existed since 1792
DThe NYSE, which has existed since 1792
Answer & Solution
Correct answer: D. The NYSE, which has existed since 1792
1. Broker markets are national and regional securities exchanges that bring buyers and sellers together through brokers on a centralized trading floor.
2. The oldest and most prestigious of them is the New York Stock Exchange, which has existed since 1792.
3. Often called the Big Board, it sits on Wall Street in downtown New York City and lists the shares of some 2,400 corporations.
4. The NASDAQ was founded much later, in 1971, and it is a dealer market rather than a broker market.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 16 "Understanding Financial Management and Securities Markets", section 16.7 Buying and Selling at Securities Exchanges_
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