In which of the following stock exchanges are there specialists who act as auctioneers?
A)New York Stock Exchange
B)London Stock Exchange
C)Tokyo Stock Exchange
D)Frankfurt Stock Exchange

Question

Quizplus · Accepted Answer

The New York Stock Exchange (NYSE) is the only stock exchange among the given options that has specialists who act as auctioneers. These specialists are responsible for maintaining an orderly market by matching buy and sell orders and stepping in with their own capital if necessary to execute trades. The London Stock Exchange, Tokyo Stock Exchange, and Frankfurt Stock Exchange do not use specialists in the same way.

In Which of the Following Stock Exchanges Are There Specialists