The New York Stock Exchange (NYSE, nicknamed “The Big Board”)is an American stock exchange located at 11 Wall Street, Lower Manhattan, New York City, New York. It is by far the world’s largest stock exchange by market capitalization of its listed companies at US$30.1 trillion as of February 2018. The NYSE trading floor is located at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978. The New York Stock Exchange (sometimes referred to as “the Big Board”) provides a means for buyers and sellers to trade shares of stock in companies registered for public trading. The NYSE is open for trading Monday through Friday from 9:30 am – 4:00 pm ET, with the exception of holidays declared by the Exchange in advance.
The New York Stock Exchange (NYSE) is a stock exchange that is considered the largest equities-based exchange in the world, based on the total market capitalization of its listed securities. Formerly run as a private organization, Despite the transition to electronic trading platforms, NYSE floor traders are still used to set pricing and deal in high-volume institutional trading.A series of mergers has given the New York Stock Exchange its massive size and global presence. The company started as NYSE before adding the American Stock Exchange and merging with the Euronext. the NYSE became a public entity in 2005 following the acquisition of electronic trading exchange Archipelago. In 2007 a merger with Euronext, the largest stock exchange in Europe, led to the creation of NYSE Euronext, which was later acquired by Intercontinental Exchange, the current parent of the New York Stock Exchange.
The NYSE trades in a continuous auction format, where traders can execute stock transactions on behalf of investors. They will gather around the appropriate post where a specialist broker, who is employed by a NYSE member firm (that is, he/she is not an employee of the New York Stock Exchange), acts as an auctioneer in an open outcry auction market environment to bring buyers and sellers together and to manage the actual auction. They do on occasion (approximately 10% of the time) facilitate the trades by committing their own capital and as a matter of course disseminate information to the crowd that helps to bring buyers and sellers together.
Top Companies Listed on NYSE by Market Capitalization as on July 1st 2019
Top Companies Listed on NYSE by Market Capitalization as on July 1st 2019