One of the biggest rivalries in the stock market exists between the two New York stock exchanges and two of the largest stock exchanges in the world. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an Original Essay The New York Stock Exchange or NYSE is the oldest stock exchange in the world. Launched in 1792, the NYSE has been around for more than 200 years and holds the title of the world's leading stock market. This is an auction-style market, where buyers and sellers physically trade by matching their "bid prices" and "ask prices" respectively. Each security has a specialist, who is not an employee of the NYSE, and acts as a market maker for that security and as an intermediary for executing its trades. The National Association of Securities Dealers Automated Quotations (NASDAQ) on the other hand, is a computer-based dealer marketplace. It started in 1971 as the first trading market in the world not to have a physical trading floor. Its electronic-only transactions are conducted through a dealer, a NASDAQ member firm, which matches buyers and sellers in fractions of a second and, for this reason, attracts the majority of technology companies around the world. So, even though the NYSE is the leader in the market capitalization component of the stock market, the NASDAQ takes first place when it comes to market share captured. Both of these markets place certain requirements on companies to list their shares. exchanges. The NYSE has more stringent terms and therefore only a few types of companies can list their shares, while the NASDAQ allows more companies to be listed and at the same time has lower entry fees of around 70-80%, giving the possibility to smaller companies or start-ups to enter their market. It's a fact that a company that can meet the NYSE's criteria can generate more funds when holding its IPO there, but the NASDAQ has historically offered better returns. Therefore, the nature of companies listed on each stock exchange is significantly different. The NYSE is perceived as an exchange for established, large, and financially secure companies, such as Coca-Cola, Wal-Mart, Citigroup, IBM, and General Electric, while the NASDAQ attracts more technology-based companies or rapidly growing companies, such as Apple, Facebook, Google, Microsoft, Intel and Kraft Foods. The former is a choice for lower volatility and higher market capitalization prospects and the latter is seen as a high-tech, forward-thinking and growth-oriented stock. Please note: this is just an example. Get a custom paper from our expert writers now. Get a Custom Essay It is a fact that there is incessantly head-to-head competition around the two New York-based stock exchanges. The NYSE is the largest stock exchange in terms of market capitalization and therefore requires rigorous qualifications, but the NASDAQ surpasses other markets when the revenue aspect is raised and helps reduce upfront costs. Ultimately, though, the question is whether the company is looking for stable, established stocks or a fast-growing yet risky stock market..