Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on

Question

goldfiish [28.3K]

3 years ago

6

Approximately __________ of trades involving shares issued by firms listed on the New York Stock Exchange actually take place on

the New York Stock Exchange.
A.50%
B.75%
C.80%
D.95%

Business

1 answer:

Sophie [7] · Answer 1 · 2022-07-07T12:27:37+03:00

Answer: B. 75%

Explanation: The NYSE accounts for a large majority of equity trades in the North America and worldwide. But not all trades actually do go on on the NYSE. I think this is because in 2007 they acquired Euronext which combined the NYSE with the five major European exchanges, inclusive of the Paris Bourse, Amsterdam, the London International Financial Futures etc. This merger bumped up their trading capacity to up to 10 billion shares per day. While 75% of trades do go on on the NYSE, the rest are handled by the other aspect of the merger deal, Euronext.