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Read this text about New York Stock Exchange. Choose the best sentence from the opposite page to fill each of the gaps.
Read this text about New York Stock Exchange. Choose the best sentence from the opposite page to fill each of the gaps.
admin
2018-06-30
50
问题
Read this text about New York Stock Exchange.
Choose the best sentence from the opposite page to fill each of the gaps.
For each gap(9-14), mark one letter(A--H)on your answer sheet.
Do not use any letter more than once.
There is an example at the beginning(0).
New York Stock Exchange
The New York Stock Exchange(NYSE)is the largest stock market in the world and also the oldest financial market in the United States where billions of dollars worth of stock change hands each day.
The exchange evolved from a meeting where 24 brokers and merchants signed the historic "Buttonwood Agreement" to trade a handful of securities on what is now Wall Street in New York City in 1792.(0).G...The present name was adopted in 1863. Today, 2,800 companies trade their shares on the NYSE. These companies are all publicly traded.【P1】______
The NYSE is owned by its members. A membership is traditionally called a seat. Membership, limited to 1,366 since 1953, is obtained by purchasing(since 1868)a seat from an existing member.
Unlike some of the newer exchanges, the NYSE still uses a large trading floor in order to conduct its transactions.【P2】______ This is called the open outcry system and it usually produces fair market pricing.
Only the highest quality companies can choose to list their securities on the NYSE. To be considered for an NYSE listing, companies must meet strict financial and regulatory criteria.【P3】______ And once they do, the NYSE plays a unique role in providing deep and liquid markets for the trading of those securities, benefiting all investors, large and small. Listed companies pay both initial listing fees and annual fees.
When companies first list on the NYSE, the company’s top officials are often invited to ring the Opening Bell on the NYSE Trading Floor.【P4】______
In addition to having the highest overall listing standards of any securities marketplace in the world, the NYSE is among the world’s most well-recognised brand names.【P5】______
In the more than two centuries that have followed, the NYSE has continued to adapt and evolve into the world’s largest global equities marketplace.【P6】______Its mission is to add value to the capital-raising and asset-management process by providing the highest-quality and most cost-effective marketplace for the trading of financial instruments, to promote confidence in and understanding of that process, and to serve as a forum for discussion of relevant national and international policy issues.
Example:
A Issuers that list with the NYSE benefit from association with this brand name while gaining access to the world’s largest, most liquid market for the trading of their securities.
B Even meeting these requirements is not a guarantee that the NYSE will list the company.
C That means any investor can buy their stock.
D Many new exchanges have stopped using the trading floor to conduct their transactions.
E It is here that the representatives of buyers and sellers, professionals known as brokers, meet and shout out prices at one another in order to strike a deal.
F The NYSE has remained unwavering in its commitment to customers and to building a truly global marketplace with great breadth of product and geographic reach.
G It was formally constituted as the New York Stock and Exchange Board in 1817.
H Ringing the Bell, which signals the start and close of the trading day, is part of the NYSE’s rich heritage and signifies the opportunities the financial markets provide.
【P2】
选项
答案
E
解析
所缺句子的前一句话意为:与某些新交易所不同,纽约股票交易所仍使用一个巨大的交易台来进行交易。后一句话意为:这被称为公开叫价体系,这样通常能产生公平的市场定价。由此可推断出所缺句子是关于买卖双方如何在前一句提到的交易台上进行着后一句提到的叫价交易的。而E项意为:就是在这里,买卖双方的代理人,也就是被称为经纪人的专业人士,相互叫价从而达成交易,起到承前启后的作用,故选此项。
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