Which of the statements below is FALSE?

Trading on the NYSE is accomplished through a set of registered dealers who are connected by a computer network.

The secondary market, or "used stock" market, provides a place for current common stockholders to sell their stock or acquire more stock or for new stockholders to acquire stock for the first time.

Both the NYSE and the NYSE MKT LLC (previously known as the AMEX) are physical trading locations with trading floors. In order to complete a trade (the selling or buying of shares), orders must be processed at trading posts on the floor of the exchange.

Immediately after the public auction of common stock, the stock begins trading in the secondary market.