Stock exchanges operate as simple two-sided platforms, matching buyers and sellers. Like other platforms, they benefit from network effects. The more people that transact, the greater the value of the platform to others. As traders say, “liquidity begets liquidity”. US stock exchange markets started their bloom back in the mid-20th century, where they are countless … Continue reading Regulation NMS (National Market System) in Private Securities and Alternative Trading System (ATS)?
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