| EXCHANGE
or SERVICE
|
REQUIREMENTS*
|
TYPE OF
COMPANY |
APPROX
#
LISTED |
NYSE -
New York Stock
Exchange |
Pre-tax
earnings of $2.5 million; with 1.1 million shares held with $18 million minimum market
value |
Oldest,
largest, best-known companies
|
3,353 |
AMEX -
American Stock Exchange (there are 2 different AMEX listings) |
Pre-tax income of $750,000; 500,000 shares
publicly held; minimum market value of $3 million, OR 250,000
shares publicly held; minimum market value of $2.5 million |
Mid-sized growth
companies
|
681 |
NASDAQ -
National Association of Securities Dealers Automated Quotation |
Pre-tax
income of $750,000; or a market value of all shares totaling at least $1 million; 400
shareholders; net assets of $4 million |
Smaller, newer
companies
|
5,389 |
OTC -
Over-the-Counter |
Minimal or
none |
Smallest and
newest companies
OR
companies with few
shares available for trade
|
30,000 |
| NYSE - |
Companies listed
on the New York have ticker symbols of one (1) to three (3) letters.
Stock trading occurs Auction Style with stock sold to highest bidder
and bought for the lowest offer. |
| AMEX - |
Companies
listed on the American have ticker symbols of one (1) to three (3) letters. |
| NASDAQ
- |
Companies listed on the Nasdaq have ticker
symbols of four (4) plus letters.
Stock is traded using an electronic trading system. The Nasdaq lists
more companies than any other stock market in the world. |
OTC - |
See Nasdaq.
Quotes are delayed,
Companies listed are small and new. |