why are there multiple stock markets?

Question

Why is there a DOW and Nasdaq for example, couldn’t they all be consolidated into one?

In: 3

Answer 1

There’s also the TSX, the Nikkei, the DAX, FSTE, the CME, and more around the world. The simple answer is that people do trading where they live. The NASDAQ exchange was created to be a cheaper/faster platform than the New York Stock Exchange (NYSE)

But a correction: The “DOW” is not a stock exchange. It’s a weighted average of 30 large industrial corporations created ([by a joint venture](https://en.wikipedia.org/wiki/S%26P_Dow_Jones_Indices)) to represent the overall state of the American business economy