Posts Tagged ‘NYSE’
The NYSE or New York Stock exchange as it is commonly known as is a facility where stocks and securities are bought and sold. It is the oldest and largest exchange in the U.S and is a major player in the world market as well. It was founded in 1872, and after shifting through different locations, it finally settled on 11 Wall Street in New York. The NYSE is a non profit corporation that is operated by a board of directors and has one thousand, five hundred individuals in its employ.
It lists securities that are offered for sale or trade, oversees stocks and also sets policies within the stocks and securities industry. There are about three thousand companies that are listed on the NYSE. There are certain requirements that a company needs to be listed. The company has to submit annual reports, offer stock for trade, and they must have an income that is above two and a half million before taxes.
Once the stock is listed, then it can be bought or sold either directly from the company representatives that are on the floor or from other traders. Majority of trading in the NYSE is physically carried out on the floor by members who have purchased seats in the stock exchange which permits them to trade directly. This is considered a privilege and the seats fetch very high prices.
The NYSE plays a major role in the economy and financial sector. It provides a secure environment for trade and supports additional regulation of the industry so that investors can continue to do business.