alleryStart learning →Broker markets account for about what share of the total dollar volume of shares traded in U.S. securities markets?
AAbout 20 percent
BAbout 40 percent
CAbout 60 percent
DAbout 90 percent
Answer & Solution
Correct answer: C. About 60 percent
1. Broker markets account for about 60 percent of the total dollar volume of all shares traded in U.S. securities markets.
2. Within that broker marketplace, the New York Stock Exchange alone represents 90 percent of the trading volume.
3. The 90 percent figure is the trap: it is a share of the broker segment, not of the whole market.
4. In a broker market the buyer purchases the securities directly from the seller through the broker.
_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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