The NYSE Has Lost Market Share to ECNs in Recent

question 28

Multiple Choice

The NYSE has lost market share to ECNs in recent years. Part of the NYSE's response to the growth of ECNs has been to:
I. Purchase Archipelago, a major ECN, and rename it NYSE Arca
II. Enable automatic trade execution through its new Market Center
III. Impose a tighter limit on bid-ask spreads

• A) I only
• B) II and III only
• C) I and II only
• D) I, II, and III

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Definitions:

Best Referral System

refers to an efficiently designed process or program that encourages satisfied customers or clients to refer new customers or clients to a business.

Minimal Financing

Situations where businesses or projects operate with the lowest possible amount of financial investment or support.

Howard H. Stevenson

A professor and influential figure in the field of entrepreneurship, known for his work on the definition and concept of entrepreneurship.

William H. Sahlman

A prominent professor at Harvard Business School known for his work on entrepreneurship and venture capital.