New York Stock Exchange

related topics
{company, market, business}
{build, building, house}
{day, year, event}
{government, party, election}
{@card@, make, design}
{black, white, people}
{church, century, christian}
{rate, high, increase}
{war, force, army}
{system, computer, user}
{county, mile, population}
{math, number, function}
{work, book, publish}
{film, series, show}

The New York Stock Exchange (NYSE) is a stock exchange located at 11 Wall Street in lower Manhattan, New York City, USA. It is the world's largest stock exchange by market capitalization of its listed companies at US$11.92 trillion as of Aug 2010.[4] Average daily trading value was approximately US$153 billion in 2008.

The NYSE is operated by NYSE Euronext, which was formed by the NYSE's 2007 merger with the fully electronic stock exchange Euronext. The NYSE trading floor is located at 11 Wall Street and is composed of four rooms used for the facilitation of trading. A fifth trading room, located at 30 Broad Street, was closed in February 2007. The main building, located at 18 Broad Street, between the corners of Wall Street and Exchange Place, was designated a National Historic Landmark in 1978,[5] as was the 11 Wall Street building.[3][6][7]



The origin of the NYSE can be traced to May 17, 1792, when the Buttonwood Agreement was signed by 24 stock brokers outside of 68 Wall Street in New York under a buttonwood tree on Wall Street. On March 8, 1817, the organization drafted a constitution and renamed itself the "New York Stock & Exchange Board." Anthony Stockholm was elected the Exchange's first president.

The first central location of the Exchange was a room, rented in 1792 for $200 a month, located at 40 Wall Street. After that location was destroyed in the Great Fire of New York in 1835, the Exchange moved to a temporary headquarters. In 1863, the New York Stock & Exchange Board changed to its current name, the New York Stock Exchange. In 1865, the Exchange moved to 10-12 Broad Street.

The volume of stocks traded increased sixfold in the years between 1896 and 1901, and a larger space was required to conduct business in the expanding marketplace.[8] Eight New York City architects were invited to participate in a design competition for a new building; ultimately, the Exchange selected the neoclassic design submitted by architect George B. Post. Demolition of the Exchange building at 10 Broad Street, and adjacent buildings, started on May 10, 1901.

Full article ▸

related documents
Economy of Guinea
Economy of Qatar
Economy of Mongolia
Economy of Malta
Economy of Tanzania
Economy of Nepal
Aon Corporation
Economy of Togo
Economy of Saint Kitts and Nevis
Carlyle Group
Economy of Somalia
Conglomerate (company)
World Bank
Economy of Hungary
Economy of Azerbaijan
MSC Malaysia
Economy of Barbados
Economy of Madagascar
Lloyd's of London
Economy of Laos
Economy of Kazakhstan
Financial capital
Ponzi scheme
Economy of Ghana
Economy of the Maldives
Natural monopoly
Economy of Brazil