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New York Stock Exchange

The New York Stock Exchange is a marketplace just like NASDAQ. When companies transition from private to public, they open on one of the markets for public trading of their stock. However, the difference between the two is that the New York Stock Exchange works like an auction marketplace for bidders whereas NASDAQ utilizes dealers to make trades. This means that on the NYSE, buyers submit bids and sellers submit offers.
Example: If you want to purchase stock in a publicly-traded company on the New York Stock Exchange, your broker would have to submit a bid. That bid will compete with other bids and another broker will purchase it at the highest bid price.

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