Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
What is a trading venue?
Expert Solution
Step 1
Answer:
Trading facility is nothing but a facility where the financial instruments of many buyers and sellers are traded. It requires the licensed persons to exchange the financial instruments under the contract.
Step 2
Usually, the most of venues are electronic-based where a dealer is permitted to buy and sell shares, and major investment banking and regulatory bodies accept them.
In case of NYSE the venue would be physical and it is having a physical floor such with NASDAQ which is in service fully in electronic form.
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