Business, Legal & Accounting Glossary
The New York Stock Exchange (NYSE) is a for-profit organization that enables trading and listing of securities on the stock exchange, as well as overseeing other activities related to facilitating a high-end security trading environment. Located at 18 Broad Street in New York City, the New York Stock Exchange is the biggest securities exchange in the world. Established in 1792, it is also the oldest organized securities market in the nation. New York Stock Exchange is a self-regulating body. This means that the New York Stock Exchange is managed by its own regulatory board that approves and appoints its own representatives, as well as set policies for operation. However, the New York Stock Exchange does not interfere with the trading itself by buying, selling, or owning shares of companies that trade on the New York Stock Exchange. Instead, the trading on the New York Stock Exchange is governed by the market forces of supply and demand. Despite many technological advances, the New York Stock Exchange continues to employ floor traders. The New York Stock Exchange is also known as the “big board”.
New York Stock Exchange (NYSE) is located in New York City. At present, NYSE Euronext operates this stock exchange. NYSE is reportedly the world’s biggest equity-based exchange (on basis of total market capitalization). It may be noted that this exchange traces back its origin to 1792. Apart from USA based companies, foreign corporations are also allowed to enlist their shares in NYSE provided they abide by listing standards set by the Securities and Exchange Commission. From 2005 NYSE has become a public entity.
New York Stock Exchange is also often referred to as ‘Big Board’. Earlier NYSE used to primarily rely on floor trading. Currently, over 50% of NYSE trades occur electronically. New York Stock Exchange offers a host of financial services. Some of them are mentioned below.
Prime career opportunities are also available in various capacities at platforms like NYSE, Euronext, NYSE Arca and NYSE Transacttools.
NYSE Euronext was created from the merger of Euronext N.V and NYSE Group, Inc. in 2007. This company operates the world’s biggest liquid exchange group. It also offers a wide array of diversified financial product services. It has under its purview six cash equity exchanges (spread over five countries) and also six derivatives exchanges. Of this NYSE Arca is an automated electronic exchange ( earmarked for growth-oriented business enterprises), NYSE Alternext exhibits a market design, which is pan-European in nature and NYSE Euronext is Eurozone’s biggest cash equities market. NYSE Euronext publications include books & periodicals, technical documents, rules & procedures, educational publications, and news articles.
NYSE Euronext is regarded as a global leader in the following fields:
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This glossary post was last updated: 27th March, 2020 | 0 Views.