54  3

  (),       , 
 NYSE,         (  
   NYSE).     (regional exchange),  
   .     ,   
      ,  
  .       -
     ,      -
 .       -
  -  , , ,   -
.  ,       
    .

       NYSE. -
      ,    -
   .

         -
  .        -
     ,    -
 .         
           
,         -
 (   - market-makers. - . .).    -
     . 20  21.

 3.2

    

()   1992 .

		,.	.	  , . .
				 
NYSE		51 376	202	1 745 466	6872
		3600	14	42 238	166
 	7314	29	217 930	858
NASDAQ		48 455	191	890 785	3507
 	4554	18	154 719	609
() 	 NYSE  NASDAQ   
		NYSE		NASDAQ	
  ,  -  ,    . .	  , . .	  ,  -  ,    . .	  , . .
1992	2089	2658	202	4113 4764	191
1991	1885	2426	179	4094 4684	164
1990	1774	2284	157	4132 4706	132
1989	1720	2246	165	4293 4963	133
1988	1681	2234	161	4451 5144	123

: Fact Book: 1992 Data, NYSE, 1993; 1993 Nasdaq Fact Book & Company Directory, National
Association of Security Dealers, 1993.