for questions that relate to stock exchanges. A stock exchange is a form of exchange which provides services for stock brokers and traders to trade various securities.

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1answer
156 views

Does market maker buy when nobody else is buying and sell when nobody else is selling?

In this investopedia article , they say: Market Makers (MM) - These are the players who provide liquidity in the marketplace. This means that they are required to buy when nobody else is ...
-1
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2answers
99 views

What extra information might be obtained from the next highest bids in an order book?

In this article here, Level 2 explains its components. One component is: Highest bid prices: The highest 5 or 10 prices (depending upon the market) that traders are willing to pay to buy a ...
3
votes
2answers
64 views

How can I know if the ETF stock is bought by stock participant (change) or the fund (vs. outflow)?

Consider an ETF with tick symbol TIP and a customer clicking 'Sell' to sell one share via Fidelity brokerage. How can the customer know if that single stock will be bought by another person on the ...
6
votes
2answers
2k views

What college degree should I pursue to learn about stock and forex markets?

What college degree should I pursue to learn the fundamentals of the stock market? Are there way to understand how stocks and foreign exchange markets work, including their strategies and drawbacks?
0
votes
1answer
2k views

What do the Sizes on Bid/Ask Quotes Mean?

I have a basic question regarding equities. For this example, assume that I have a quote for KO stock which says the following: Current Price = $39.00 | Bid = 38.99 x 6800 | Ask = 39.00 x 4300 What ...
2
votes
1answer
57 views

What's the justification for the DJIA being share-price weighted?

It seems almost entirely irrelevant. So a company could have a reverse 2 for 1 split, and double its weighting in the average? How can one of the most popular barometers of the stock market be ...
2
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1answer
216 views

Stock exchanges using open outcry

There is often discussion about efficiency of different trading systems. Is there some stock exchange using open outcry trading as of today?
0
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0answers
48 views

Investing in US Markets from India [duplicate]

Possible Duplicate: How can I trade in U.S stock exchange living in India by choosing the broker in U.S? I don't reside in US but would like to invest in US markets. If not in specific ...
1
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4answers
1k views

Why can it be a bad idea to buy stocks after hours?

I've heard people say is foolish to buy stocks after hours. Why do they say this?
5
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2answers
344 views

What do brokerage firms do?

So in the past, before they had computers, I imagined brokerage was the fee given to a stock broker to give you advice on what stocks to buy, or to ring up and make a trade for you. But now ...
3
votes
1answer
236 views

Is the concept of an “odd lot” adjusted to stock price?

This page suggests that orders under 100 shares of stock are considered "odd". I was told that stock exchanges "do not want odd lots". Is this statement true? For example, 50 shares of GOOG are worth ...
1
vote
1answer
292 views

Rate of return of stock index

One can always see on the news for example, the movement of stock indexes. Say for example: S&P +5.15 (0.05%) or S&P -0.57 (0.001%) But how would I calculate the 2 numbers above? (+5.15 and ...
3
votes
1answer
113 views

How much do brokerages pay exchanges per trade?

When an online broker executes a trade on for example the NYSE how much do they pay to have the trade executed on the NYSE?
0
votes
1answer
271 views

What do these numbers mean for the S&P?

What does the numbers for the S&P mean in the image below? For example, on 18th October, it says S&P -5.60. What does the -5.60 mean? I looked at the S&P Open, High, Low and Close prices ...
1
vote
1answer
107 views

Knockout certificate (Long) fell more than 6% even though the underlaying security rose 1.2%

I recently bought a knockout certificate for facebook. So far it has been doing great returning more then 200%. But recently it has been doing something really strange. On Friday Facebook rose 1.2% ...
0
votes
2answers
379 views

Bidding/Asking Fraction of a cent

I know that stocks below $1.00 can be traded to 4 decimal places, but is that possible for stocks above $1.00? On a list order transactions, one can find prices like $2.2801 despite most ecn brokers ...
2
votes
5answers
335 views

Can dividends be exploited?

Apple announced a dividend of $2.65/share on August 16th. I was thinking... could somebody buy, say 1,000 shares of Apple, receive the dividend, and then sell the shares right back? ...
3
votes
1answer
131 views

Are stocks only listed with one exchange in one place?

A couple questions about stocks: Can a stock be listed on multiple exchanges throughout the world? Can the price of a stock be different for you based on where you are in the world, or is the price ...
4
votes
1answer
71 views

Cost Basis Of Stocks Of Numbers of Companies With A Financial Firm Before Transfer To The Present and Of Records Lost To Client?

What if there are shares of companies each which were purchased six to nineteen years ago with a prior financial firm before being transferred to the present financial firm? What are ways to get the ...
2
votes
2answers
185 views

Trading on exchanges or via brokerage companies?

I was wondering what relations are between brokerage companies and exchanges? Are brokers representing investors to trade on exchanges? For individual investors, what are some cons and pros of ...
7
votes
2answers
906 views

How do exchanges match limit orders?

Say a security has been trading at under $20.10, and there are limit orders selling at $20.10 and $20.21. Then Simon issues a limit order to buy at $20.21. According to this explanation, Simon would ...
6
votes
1answer
424 views

Who owns NASDAQ? Does it collect fees from stock transactions?

If NASDAQ is a corporation, does it make profits by charging fees on transactions? When I pay a fee for buying stocks, am I paying the broker or NASDAQ?
6
votes
1answer
409 views

Who sets the price and provides the quoted price values for stocks?

I somewhat understand that the price of stocks is determined by the market, but who exactly changes those prices that we see listed on Yahoo! Finance for example? If I own a share in a company listed ...
4
votes
2answers
409 views

Why would a company have 2 listings on the same exchange?

An example would be Cardno Ltd which has: CDD.AX - http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=CDD:AU CDDN.AX - ...
4
votes
1answer
599 views

For a single company listed in multiple exchanges in different countries, are the shares being offered the same?

For a given company ABC, which is listed in PSE, DEU and ASX. Are the shares being offered in DEU the same shares being offered in ASX and PSE? What's the difference if a person buys it in DEU versus ...
7
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1answer
75 views

FTSE exposure in US Exchanges

Is there a FTSE 100 index futures contract that trades on the US exchanges? Thanks I think there is an ETF but I am looking for futures, mainly for charting purposes.
8
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1answer
299 views

Arbitrage with a limit order

The usual notion of arbitrage means that I put two market orders at different exchanges which are immediately executed at different prices, so I earn price difference. Is there a special name for the ...
3
votes
1answer
176 views

Why are stocks traded via stock brokers?

From Wikipedia: A transaction on a stock exchange must be made between two members of the exchange—an ordinary person may not walk into the New York Stock Exchange (for example), and ask to ...
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1answer
794 views

Getting live data from Yahoo! Finance for the National Stock Exchange of India (NSE)?

Refer to Streaming real-time stock quotes from Yahoo! Finance Can I get real time data (from NSE India) using Yahoo! Finance API after subscribing to their service ?
3
votes
3answers
640 views

Where can I get real-time stock price data for National Stock Exchange of India (NSE)?

I am not sure if this is the right place to ask this, however I couldn't find a better place after searching Stack Exchange. From where can I get tick data/real-time data for the National Stock ...
3
votes
3answers
226 views

Are buyouts always for higher than the market value of a stock?

When a company buys out another company is it always the case that the company doing the buying pays more than the current market value of the stock of company being bought? Can a company not bargain ...
6
votes
1answer
218 views

Why the need for human brokers while there are computers?

In this day and age there are still human brokers on the trading floor. Computers are perfectly capable of negotiating a deal (buy/sell) in milliseconds when ordered to do so. So why are there still ...
2
votes
1answer
60 views

Is there a standard for naming stocks exchanges? Is there a list of abbreviated names?

If I want to refer to a stock that is traded at a specific exchange how do I specify the name of the exchange? And is there a list of all the shortcuts for the names of all the exchanges in the ...
10
votes
5answers
278 views

If I have all this stock just sitting there, how can I lend it out to people for short selling?

Short sellers need to borrow stock in order to short sell. I understand they typically get this stock through a broker though some sort of arrangement where they pay interest. I was wondering, how ...
7
votes
3answers
417 views

If I sell a stock that I don't have, am I required to buy it before a certain amount of time?

I'm just began playing in the stock market. I just executed a SELL, because I think the market is going down. I don't actually have any of this stock. Apparently, it's quite common strategy. I would ...
3
votes
4answers
192 views

Once stock prices are down, where to look for good stock market deals?

When the market is down (referring to indexes like Dow or S&P), there are stocks that compose those indexes that are down as well (cheaper). I want to find a place (website, forum, etc) that will ...
4
votes
1answer
298 views

How is the opening-day price of a stock decided?

I have read the the IPO price of a stock is set by underwriters, who then sell to (typically) institutional and "special" investors. Once the stock is ready for the stock exchange, who decides what ...
5
votes
1answer
428 views

Online stock brokers for LSE or TWSE?

Which online stock brokers allow trading on the London or Taiwan Stock Exchanges?
10
votes
2answers
838 views

Why do non-electronic stock exchanges (with floor traders) still exist?

Now that a lot of the trading is done electronically why does trading on the "physical" stock exchanges (such as NYSE) still exists? Does every NYSE listed stock sale really go through a trader on the ...
6
votes
2answers
1k views

Are share prices for a company which is listed on multiple exchanges, under multiple currencies, kept in synch?

If a company is listed on two exchanges, say, with share prices in both USD and EUR, are the prices kept in synch with each other, or allowed to float independently? If the prices are coordinated, how ...
6
votes
2answers
313 views

What is the difference between a stop order and a stop limit order?

New to this trading thing. I understand that a stop order will buy a stock if it hits the given amount that I want to pay. And I think I understand that a stop limit order will buy the stock if it ...
9
votes
2answers
156 views

Does an Executed Limit Order Imply a Spot Price?

Suppose I place a limit buy order at $10.00 per share for company XYZ on the NYSE or Nasdaq, while the spot price is say $10.25. If my limit order subsequently executes (whether 5 minutes later or 5 ...
8
votes
3answers
3k views

How come I can't sell short certain stocks? My broker says “no shares are available”

I've noticed that a many times while trying to sell short a stock I get this message. (I use Scottrade as my broker). I think these stocks are being manipulated, for example, stocks like BSFT that ...
3
votes
1answer
3k views

What is the minimum lot size (number of shares) for the London Stock Exchange?

For the Singapore Stock Exchange, the minimum lot size (number of shares) to trade is 1,000 units. I was wondering: What is the minimum purchased unit for the London Stock Exchange? Thanks.
1
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3answers
353 views

Since many brokers disallow investors from shorting sub-$5 stocks, why don't all companies split their stock until it is sub-$5

Seems like a no-brainer? I guess if your security is not marginable, it can't be bought long on margin either, but I would also guess for most companies there are more margined shorts than margined ...
6
votes
5answers
362 views

Is there a Way to Bet on the Trade Volume of a Stock?

Say stock ABC trades 100,000 shares per day. I feel strongly that in the near future it will trade 200,000 shares per day. Is there an instrument I can buy to profit on this? To be clear, I don't ...
57
votes
13answers
14k views

In the stock market, why is the “open” price value never the same as previous day's “close”?

This is something that is mind-boggling to me, and it is particularly obvious in candlestick graphs: Why is the open value never the same as the previous day's close value? This is something I just ...
1
vote
1answer
2k views

How to map stock ticker symbols to ISIN (International Securities Identification Number)?

How can I can convert ticker symbols (which include information on the exchange) to an International Securities Identification Number (ISIN) (which contains no information on the exchange)? Also I am ...
10
votes
5answers
6k views

Historical stock prices: Where to find free / low cost data for offline analysis?

I am looking for a free way to get a large amount of data on the prices of stocks. I am not a trader or anything like that so it wouldn't be worth it to pay for a service to give me stock prices. I ...
3
votes
1answer
251 views

As someone living in Portugal, how would I buy a stock listed on a Japanese exchange?

I want to support a gaming company (Square Enix) by buying their stock. From what I've seen, my bank only uses major European and international stock exchanges, and from my searches, Square Enix ...