What are the differences between the three major stock exchanges in the United States?

First, the differences in the definitions of the three major securities markets.

1. Different trading methods

At the new york Stock Exchange, brokers walked around, shouting for the best buyers and sellers.

On Nasdaq, people discuss business by phone or computer.

2. The threshold of listed companies is different.

The American Stock Exchange is just a place where the stocks of small and medium-sized enterprises are listed.

The stock prices listed on the American Stock Exchange are relatively low and the investment conditions are not high. Only the net investment of enterprises exceeds 4 million yuan, and there are 500,000 shares held by the public in the market, with more than 80 shareholders. The low threshold for listing is the main difference between American stock exchanges and other stock markets.

The listing threshold of Nasdaq stock market is particularly relaxed, and it does not limit industries, years of establishment or countries. The existence of this unique policy is an important difference between Nasdaq and other markets and an important factor for the rapid development of this market.

Second, the main differences between the three major securities markets

1. was established in different periods.

New york Stock Exchange NYSE: The longest, largest and most famous securities market in the United States.

Although there are 5540 stocks in the Nasdaq stock market, most of them are small new companies.

2. Listed companies are different in nature.

There are more than 4 100 companies listed on Nasdaq, of which nearly 2,000 are high-tech companies. Computer and telecommunications related companies account for a large proportion in Nasdaq.

Most listed companies in new york Stock Exchange are traditional American enterprises.

The trading places and trading methods of the American Stock Exchange are basically the same as those of the new york Stock Exchange, except that most of the companies listed here are small and medium-sized enterprises, so the stock price is low, the trading volume is small and the liquidity is low.

Third, the main differences between the three major indexes in the United States:

1. Dow Jones stock index

It is the oldest stock index in the world, and its full name is the average stock price. Prepared by charles dow, founder of Dow Jones Company, on 1884.

The Dow Jones stock price average index is based on 1928 10 10 month 1. Because the average price of Dow Jones stock at the close of this day is about 100, it is set as the benchmark date.

2. Nasdaq (Nasdaq)

It is the English abbreviation of the name of the automatic quotation system created by the National Association of Securities Dealers at 1968. Nasdaq is characterized by collecting and publishing quotations from securities companies that trade unlisted shares over the counter. It has become the largest stock exchange market in the world.

There are more than 5,200 listed companies. Nasdaq is the first stock market in the world to adopt electronic trading, with more than 260,000 computer sales terminals in 55 countries and regions.

Nasdaq index is an average stock price index reflecting the changes of Nasdaq stock market, and its basic index is 100. Nasdaq's listed companies cover all new technology industries, including software and computers, telecommunications, biotechnology, retail and wholesale trade.

3. S&P 500 Index

It was compiled by Standard & Poor's Company in 1957. The initial constituent stocks include 425 industrial stocks, 15 railway stocks and 60 public utility stocks. From 1 June 65438+July1,its constituent stocks were changed to 400 industrial stocks, 20 transportation stocks, 40 public utilities stocks and 40 financial stocks.