Explained
NYSE vs Nasdaq
The NYSE is a 1792 exchange with a trading floor and one designated market maker per stock. Nasdaq, from 1971, was the first electronic market and has no floor.
| NYSE | Nasdaq | |
|---|---|---|
| Founded | 1792 | 1971 |
| Owner | Intercontinental Exchange (ICE) | Nasdaq, Inc. |
| How trading works | Hybrid: electronic plus a floor, one designated market maker per stock | Fully electronic, several competing market makers |
| Listing tiers | NYSE, NYSE American, NYSE Arca | Global Select, Global Market, Capital Market |
| Reputation | Older, industrial and consumer companies | Technology and growth companies |
| Regulator | SEC | SEC |
What is the difference between the NYSE and Nasdaq?
How trades are matched, mostly. The New York Stock Exchange gives each listed stock a designated market maker, a firm obliged to keep trading orderly in it, and still runs a trading floor on Wall Street alongside its electronic system. Nasdaq has no floor and never did: several market makers compete to quote each stock on a network.
For someone buying a share through a broker the difference is invisible. Both are regulated by the SEC, both are open the same hours, and a broker routes the order either way.
Why does a company choose one over the other?
Fees, the listing standards each sets, and image. The NYSE has long been home to large, older companies, including many of the household consumer names. Nasdaq built its name on technology listings. Both now list every kind of company, and some have moved from one to the other.
Are Nasdaq Stockholm and Nasdaq the same?
Same owner, different exchange. Nasdaq, Inc. owns exchanges in the Nordic and Baltic countries, including Stockholm, Copenhagen and Helsinki. A company listed in Stockholm is not listed in New York unless it has a separate line there.
Consumer companies on each
Counted from the companies this site maps to the consumer brands it measures. Each exchange page lists them with the Instagram numbers of the brands they own.
NYSE vs Nasdaq: common questions
- Is Nasdaq bigger than the NYSE?
- Nasdaq lists more companies. The NYSE has historically had the larger total market value of its listed companies. Both rankings shift over time.
- Who owns the New York Stock Exchange?
- Intercontinental Exchange, known as ICE, which bought NYSE Euronext in 2013.
- Does the NYSE still have a trading floor?
- Yes. Most trading is electronic, but the floor at 11 Wall Street is still used, including for opening and closing auctions.
Related
Not investment advice. Kovered publishes StockTwits watcher, sentiment and message volume readings and counts of public Reddit posts that name a stock or ETF, plus, for listed consumer companies, readings of the brands they own. It does not publish share prices, forecasts, ratings or recommendations to buy, sell or hold anything. Do your own research. Read the full notice.