Question

Which of the statements below is FALSE? Both the NYSE and the NYSE MKT LLC (previously known as the AMEX) are physical trading locations with trading floors. In order to complete a trade (the selling or buying of shares), orders must be processed at trading posts on the floor of the exchange. Trading on the NYSE is accomplished through a set of registered dealers who are connected by a computer network. Immediately after the public auction of common stock, the stock begins trading in the secondary market. The secondary market, or "used stock" market, provides a place for current common stockholders to sell their stock or acquire more stock or for new stockholders to acquire stock for the first time.

Answer 1

Answer: Trading on the NYSE is accomplished through a set of registered dealers who are connected by a computer network

Step-by-step explanation:

The New York Stock Exchange (NYSE) maintains a physical trading floor and functions as an auction market. Individuals here buy and sell between each other not through dealers. There is also an auction where the highest bidding price will be matched with the lowest asking price.

Trading is therefore not done through registered dealers on a computer network.

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