How Much Does The Stock Exchange Make Per Share Trading Stock .?
Millions of shares of stock are traded every day in the New York Stock Exchange. How does the exchange profit from doing this, do they get a certain amount per share? Watching television on a trading day at the New York Stock Exchange you see hundreds of people waving and screaming holding up little pieces of paper, what is this paper? Who are these people and how do they get paid?
2 Comments
Comment by raysor
Good question! They would get fees from participating members. They get money from dissemination of market data. Must be more but I don’t know!
Comment by I_think$
Stockbrokers buy low, sell high, and pocket the difference as their income/earnings/profits. They have an advantage being on “the floor” and being the first ones to see and set new prices, and try to outsmart or fool the other traders. No set mark-up/price per share. I think the pieces of paper contain their bid price for a certain number of shares of a given stock which they wave to get acknowledged and in on the action. You would think they would use computers ….