THE NYSE VS. NATIONAL ASSOCIATION OF SECURITIES DEALERS AUTOMATED QUOTATIONS: A COMPARATIVE ANALYSIS OF STOCK EXCHANGES

The New York Stock Exchange (NYSE) and NASDAQ are two prominent stock exchanges that facilitate the trading of securities. The NYSE, established in 1792, is the world's oldest stock exchange. It operates on a traditional auction-based system, where traders execute orders through designated floor brokers. In contrast, NASDAQ, founded in 1971, is an