what are 2 characterisitics of the nyse?

[isaiah s]

answer if u really know it

[a1apbc]

1) Open outcry market - auction system allows traders on the exchange to negotiate prices instead of just matching orders, like an OTC market such as the NASDAQ.

2) Specialist system - instead of having possibly multiple market makers who facilitate liquidity by constantly trading with and against each other over computers, one specialist will generally handle all floor activity in a specific stock. This makes it easier to spot the "axe," or market mover, since the specialist is generally trading much more volume than any one specific electronic trader; exhange-traded stocks still can be purchased and sold over the counter in that manner, but orders to the exchange still are handled on the floor by the specialist.