Things To Know About New York Stock Exchange (NYSE)
The New York Stock Exchange (NYSE) is one of the world's largest stock exchanges, with a market capitalization of over $30 trillion. It was founded in 1792 and is located in New York City's financial district on Wall Street.
The NYSE operates as a hybrid market, combining an electronic trading platform with a physical trading floor where traders can buy and sell stocks in person.
Companies listed on the NYSE must meet certain financial and regulatory requirements, including having a minimum market capitalization and meeting certain governance and reporting standards.
The NYSE is governed by a board of directors, which includes representatives from listed companies, broker-dealers, and other market participants.
The exchange trades a wide variety of securities, including stocks, exchange-traded funds (ETFs), bonds, and options. The exchange uses a system of designated market makers (DMMs) to facilitate trading and maintain liquidity in the market.
The NYSE is known for its opening and closing bell ceremonies, which mark the beginning and end of the trading day and are often attended by celebrities and other public figures.
The NYSE has expanded its reach beyond the United States through partnerships and acquisitions, including its merger with the European exchange operator Euronext in 2007.