Describe the major differences between the organized exchanges such as the NYSE and electronic networks such as Nasdaq

What will be an ideal response?

Answer: The organized exchanges such as the New York Stock Exchange have a physical location and a trading floor where buyers and sellers of securities can meet face to face. An increasing percentage of NYSE and AMEX trades is, however, executed electronically. Nasdaq is an electronically linked network of traders that post bid and ask prices (the prices they are willing to pay or accept for securities) and the quantities they are willing to purchase or sell. There is no physical trading floor. Although companies trading on Nasdaq tend to be smaller and younger than those traded on the NYSE, Nasdaq listings do include some very large companies such as Microsoft and Apple.