Explain the Primary Change That Occurred in the Structure of the NYSE

question 92

Essay

Explain the primary change that occurred in the structure of the NYSE in 2006 and how that change affected the exchange members.

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Definitions:

Valid Delegation

The legal principle that allows a person to transfer their duties to another party, provided the action is authorized and the delegate is qualified.

Expressed Intent

The explicitly stated purpose or goal of an individual or entity, made clear through verbal or written communication.

Intended Third-party

Someone who, although not a direct participant in a contract or agreement, stands to benefit from the execution of the agreement.

Incidental Third-party

A person or entity indirectly involved or unintentionally benefited by a transaction or contract between two other parties.