NYSE BY MANSHER SINGH, ALAN RODRIGUEZ, JOEL PROANO.
The NYSE has seats which allow a trader or broker to commence trade. These seats usually cost from $500,000 TO $1,000,000. The NYSE is a auction market. The people with seats are allowed to trade stocks using a method similar to bidding. Most of the trades done are electronically done but there is still manual bidding.
An IPO is an Initial Public Offering. This is the first stock trade of a small public company. It is usually for small private companies going public but may be for large privat