alleryStart learning →What share of annual share volume takes place on the regional exchanges?
AThe remaining 6 percent
BThe remaining 16 percent
CThe remaining 26 percent
DThe remaining 36 percent
Answer & Solution
Correct answer: A. The remaining 6 percent
1. The NYSE takes 90 percent of the broker marketplace and the AMEX handles 4 percent of annual share volume.
2. The remaining 6 percent of annual share volume takes place on several regional exchanges.
3. Each of them lists about 100 to 500 securities of firms located in their area, under membership rules much less strict than the NYSE.
4. The top regional exchanges are the Boston, Chicago, Philadelphia and National exchanges, the last formerly the Cincinnati.
_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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