The capital market in the United States is highly developed, marked by sophisticated technology, specialized financing institutions and functions, wide-ranging geographic locations, and continuous innovation in financial products and services to meet the needs of financial investors and those seeking to acquire funds. There are both direct and indirect markets. Corporations, for example, engage in direct finance when they invest in one another’s paper directly without the services of
New York Stock Exchange (NYSE), Philadelphia Stock Exchange, Pacific Stock Exchange, Boston Stock Exchange, Cincinnati Stock Exchange, Midwest Stock Exchange, Chicago Board of Trade (CBT), Chicago Mercantile Exchange (CME), International Money Market, National Association of Securities Dealers Automated Quotations System–American Exchange (NASDAQ-AMEX), Globex, Archipelago, and DMA & NYFI.
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