Poshmark Inc is an online platform where users can buy and sell new and used products in categories such as apparel, furniture, and technology. Over eighty million individuals in the United States, Canada, and Australia have already signed up to use this company’s services (Poshmark, 2022). In the company they believe that in order to create a profitable environment for everybody, people should be at the core of the business. The corporation has its main office in Redwood City, California, and also has branches in Canada, Australia, and India.
Market Overview
Principal Global Organized Exchanges
Among the world’s few major structured exchanges are the New York Stock Exchange (NYSE), the London Stock Exchange (LSE), and the Tokyo Stock Exchange (TSE). Bonds, stocks, and commodities are only a few of the items that may be purchased and sold on these markets (Oprișan & Tileagă, 2018). Certain industries and commodities are given more weight in different stock markets. For example, although the NYSE is most known for stocks, the TSE is best known for commodities. Certain exchanges may be more difficult or competitive to join. The New York Stock Exchange is an example of a highly competitive and well-regarded exchange.
- The New York Stock Exchange is not only one of the world’s oldest stock exchanges but also one of the most well-known and important. It is situated in New York City, in the United States of America. NYSE is a worldwide financial marketplace that trades a variety of bonds, stocks, and commodities. Because of the high entry costs required to trade on the NYSE, the market is able to attract well-established firms. It is widely recognized for the significance it focuses on stocks, and it has a reputation for being very difficult to engage in.
- The London Stock Market is another important stock exchange based in London, England. The LSE supports the trade of a variety of financial items, including stocks, bonds, and commodities. Unlike most other markets, however, it is largely connected with commodities trading rather than stock markets.
- The Tokyo Stock Market, often known as the TSE, is largely regarded as Asia’s most important and comprehensive financial exchange. It is situated in the center of Tokyo, which serves as Japan’s capital. The Tokyo Stock Exchange supports trading in a wide range of financial assets such as bonds, equities, and commodities. This well-known investment business focuses on commodities rather than stocks.
There are several similarities between the three stock market systems. They are all well-known across the globe and provide a broad range of financial services and merchandise. There are, nevertheless, some significant variances. Commodities are well-known on the London and Toronto stock exchanges, whereas stocks are well-known on the New York Stock Exchange. The most well-known of the three markets is the New York Stock Exchange, and membership is very competitive.
Recent Performance
Significant disruptions in the stock market have occurred in recent months. Multiple factors have contributed to this, but the most important have been solid corporate earnings, record-low borrowing rates, and an excess of cash on hand. Following these encouraging results, it is expected that a greater number of firms will proceed with their initial public offerings (IPOs) in the coming years. In recent months, interest rates have been low, and the bond market has been reasonably stable. Many variables have played a part in this, but the Federal Reserve’s monetary policies and the continuing coronavirus outbreak have been the most significant. Companies that maintain this degree of consistency are more likely to continue listing their bonds on public markets. Another issue is the continuing pandemic brought on by the coronavirus. If the pandemic worsens, all three markets might suffer in future (Indriawan et al., 2019). The markets are presently significantly functional; yet, there are certain potential concerns that may impact future IPO-listing decisions.
References
Indriawan, I., Jiao, F., & Tse, Y. (2019). The impact of the US stock market opening on price discovery of government bond futures. Journal of Futures Markets, 39(7), 779-802.
Oprișan, O., & Tileagă, C. (2018). International Exchanges in a Globalized World. In Mărginean, S., Ogrean, C., Orăștean, R. (Eds), Emerging Issues in the Global Economy (pp. 289-293). Springer, Cham.
Poshmark. (2022). About Poshmark. Web.