NYSE THE NEW YORK STOCK EXCHANGE.

December 18, 2020 By Swapnil Suryawanshi

New York Stock Exchange

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The New York Stock Exchange is an American stock exchange at 11 Wall Street in the Financial District of Lower Manhattan in New York City. 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 New York Stock Exchange (NYSE, nicknamed “The Big Board“) is an American stock exchange at 11 Wall Street in the Financial District of Lower Manhattan in New York City. 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 average daily trading value was approximately US$169 billion in 2013. The NYSE trading floor is at 11 Wall Street and is composed of 21 rooms used for the facilitation of trading. An additional trading room, at 30 Broad Street, was closed in February 2007. The main building and the 11 Wall Street building were designated National Historic Landmarks in 1978.

New York Stock Exchange

The NYSE's logo

The earliest recorded organization of securities trading in New York among brokers directly dealing with each other can be traced to the Buttonwood Agreement. Previously, securities exchange had been intermediated by the auctioneers, who also conducted more mundane auctions of commodities such as wheat and tobacco. On May 17, 1792, twenty four brokers signed the Buttonwood Agreement, which set a floor commission rate charged to clients and bound the signers to give preference to the other signers in securities sales. The earliest securities traded were mostly governmental securities such as War Bonds from the Revolutionary War and First Bank of the United States stock, although Bank of New York stock was a non-governmental security traded in the early days. The Bank of North America, along with the First Bank of the United States and the Bank of New York, were the first shares traded on the New York Stock Exchange.

NASAastronautsScott Altman and Mike Massimino ring the ‘closing bell’

New York Yankees and Olympic swimming champion Michael Phelps, entertainers such as rapperSnoop Dogg, members of ESPN’s College GameDay crew, singer and actress Liza Minnelli and members of the band Kiss, and politicians such as Mayor of New York CityRudy Giuliani and President of South AfricaNelson Mandela have all had the honor of ringing the bell.

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