46. *NYSEInvestorNYSE Listed Brokerage Common Message FirmTrading Post
(17)Brokers
Booth (1500)SpecialistFloor BrokerShouted
AuctionTransaction
ReportSell OrderBuy OrderPost Trade
Processing
47. *NasdaqInvestornasdaq Member Brokerage Market Maker sets spreadMarket Maker
meets
investor’s price?Market Maker makes tradeyesnoTrade goes to
an Electronic
Commerce
Network (ECN)Trade is made if price is met on ECN
123. *退出方式之四:清算相当比例(约占70%)的创业投资不很成功,越是早期阶段的投资,失败的比例越高,因此,一旦确认“孵化公司”处于Living Dead ,就要果断清理、退出,以最大限度地减少损失。据研究,清算方式退出的投资占总投资的32%,一般仅能收回原投资总额的64%(Ruhnka,1992)。